TREE NEWS reports: JPMorgan global strategists led by Mislav Matejka said strong margins, broadening earnings growth and solid corporate balance sheets will support further equity gains through year-end, arguing the recent pullback driven by Brent crude topping $100 and rising Treasury yields is unlikely to derail the rally. The team recommends overweighting eurozone and emerging-market stocks, favors mining, capital goods and semiconductors, is bearish on media and software, and says tech is unlikely to lead the market in the second half.
JPMorgan Stays Bullish on Equities, Calls Oil and Bond Yield Shocks Temporary
AI take
A major bank framing an oil spike and rising yields as temporary matters because it signals where institutional positioning may still be comfortable adding risk, particularly outside US tech. The call effectively rotates leadership toward Europe, emerging markets and cyclical sectors, which has read-across for crypto and RWA sentiment since both trade as risk-on proxies. The open question is whether the oil and yield shocks stay contained; if they don't, the broadening-earnings thesis that underpins this view weakens quickly.
Generated by AI for reference only.
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