JPMorgan says a 10% rally is possible, depending on the results of the Fed meeting
0Despite the fact that last week's barrage of poor reports from tech titans helped US markets recover, JPMorgan Chase &. According to JPMorgan Chase's trading desk, the S&P 500 may increase by at least 10% in a single day if the central bank hikes interest rates by a slower-than-anticipated half percentage point. The team stated in a message to clients on Monday that the scenario is the "least probable" to occur but the "most positive" result for stock investors.
The JPMorgan team is beginning on a risky undertaking of forecasting market movements based on an event that has mainly been favourable for stocks this year by outlining every eventuality on Fed day. The team stated in a message to clients on Monday that the scenario is the "least probable" to occur but the "most positive" result for stock investors. The JPMorgan team is beginning on a risky undertaking of forecasting market movements based on an event that has mainly been favourable for stocks this year by outlining every eventuality on Fed day.
Source: https://finance.yahoo.com/news/jpmorgan-says-dovish-fed-could-180929466.html
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