On April 29th, JPMorgan’s trading department is shifting towards a tactical bullish view on the US stock market. It is expected that after the recent sharp decline, favorable factors such as the performance of large technology companies and trade agreement announcements will continue to boost the stock market. However, the bank emphasized in a report to clients on Monday that the upward trend may subside within a few weeks, and the negative impact of US tariffs is likely to begin dragging down the economy in the coming months.
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