[JPMorgan Chase deduces the performance of U.S. stocks under different non-farm payroll results and believes that U.S. stocks are more likely to fall] On September 1, JPMorgan Chase’s market intelligence team believes that after the release of U.S. non-farm payrolls data on Friday, the S&P 500 index is more likely to weaken. The JPMorgan Chase team headed by Andrew Tyler predicts that a "good news is bad news" market environment may occur after the employment data is released, and believes that 30,000 to 70,000 new jobs are an appropriate range for the market. Analysts expected 55,000 new additions. "Stronger non-farm payrolls data could push bond yields higher and drag down stocks. The logic is that increased employment will lead to more consumption, and this overall strength will increase companies' confidence in further hiring," the team said in the report. "However, if the data is significantly lower than expected, such as another decline in employment, it may reignite concerns about stagflation."