B · Normal
[JPMorgan Chase: If bond yields continue to stabilize, it will greatly support the stock market] On October 19, JPMorgan Chase strategists said that if bond yields continue to stabilize, it will "greatly support the stock market." The team led by Mislav Mateka said that the end of the bond sell-off will help make the stock cycle more sustainable, alleviate AI financing pressure and residents' financial pressure, and stop the trend of continued contraction of the price-to-earnings ratio. Strategists pointed out that the third-quarter earnings season is expected to bring "good signals" and most of the results disclosed so far are of the "profit-beating-expected and guidance-raising" type. Even with the mixed results, the stock price reaction was not overly weak, they added. Strategists say this is particularly true in European markets.
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