J.P. Morgan's trading department raised its position on US stocks from neutral to bullish on Monday. Reasons include stronger economic activity than expected, continued consumer resilience, steady growth in corporate profits, and signs of stabilizing bond yields. Andrew Taylor, head of global market intelligence, said in a customer report that the fluctuating decline in oil prices and stabilizing yields are improving the risk-benefit ratio, and the team abandoned its previous cautious stance before the release of non-agricultural data on Friday.

J.P. Morgan's trading department raised its position on US stocks from neutral to bullish on Monday. Reasons include stronger economic activity than expected, continued consumer resilience, steady growth in corporate profits, and signs of stabilizing bond yields. Andrew Taylor, head of global market intelligence, said in a customer report that the fluctuating decline in oil prices and stabilizing yields are improving the risk-benefit ratio, and the team abandoned its previous cautious stance before the release of non-agricultural data on Friday.