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JPMorgan Chase: Still Bullish on Global Stock Markets, Cyclical Stocks to Lead the Rally

1 hours ago

JPMorgan strategists remain bullish on global equities, expecting the rally to broaden in the second half of the year. As corporate earnings and economic activity metrics improve, cyclical stocks are poised to regain leadership and outperform low-volatility shares. The team led by Mislav Matejka wrote in a report that indices will hit new highs in the second half, adding that positioning is far from extreme and the Q2 earnings season has been reassuring. Within cyclical sectors, they focus on banks, luxury goods, construction materials, mining, industrials and cyclical consumer industries, while favoring emerging markets and the eurozone.

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