TREE NEWS reports: JPMorgan reiterated its bullish stance on US equities after a broad selloff on Monday that sent the Philadelphia Semiconductor Index down nearly 6%, warning that aggressive shorting is dangerous. Mislav Matejka, the bank’s head of global and European equity strategy, said soaring oil prices weigh on valuations but corporate earnings expansion remains intact. He added that any Middle East de-escalation by Trump or a stronger-than-expected third-quarter earnings season could trigger a sharp squeeze on shorts.
JPMorgan Stays Bullish on US Stocks After AI-Led Selloff
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