J.P. Morgan's trading department raised its view on US stocks from “tactical neutrality” to “bullish,” believing that economic data and corporate profits will support the continued strength of the market. The trading team led by Andrew Tyler, head of US market intelligence, said that stronger economic activity than expected, consumer resilience, steady corporate profit growth, and the possibility of stabilizing bond yields prompted them to abandon their previous cautious stance before the US employment report was released this Friday. Tyler wrote in a report to clients on Monday morning: “As bond yields find a relatively stable level, oil prices may also fluctuate lower, and we are now seeing a more favorable market environment.” Tyler accurately switched to tactical prudence before US stocks fell for several weeks in early June. At the end of August, after Federal Reserve Chairman Kevin Walsh delivered an eagle speech in Jackson Hole and the market increased its bets on this year's interest rate hikes, he also had a cautious view on US stocks.

J.P. Morgan's trading department raised its view on US stocks from “tactical neutrality” to “bullish,” believing that economic data and corporate profits will support the continued strength of the market. The trading team led by Andrew Tyler, head of US market intelligence, said that stronger economic activity than expected, consumer resilience, steady corporate profit growth, and the possibility of stabilizing bond yields prompted them to abandon their previous cautious stance before the US employment report was released this Friday. Tyler wrote in a report to clients on Monday morning: “As bond yields find a relatively stable level, oil prices may also fluctuate lower, and we are now seeing a more favorable market environment.” Tyler accurately switched to tactical prudence before US stocks fell for several weeks in early June. At the end of August, after Federal Reserve Chairman Kevin Walsh delivered an eagle speech in Jackson Hole and the market increased its bets on this year's interest rate hikes, he also had a cautious view on US stocks.