JPMorgan Chase: Remains Bullish on Global Stock Markets, Cyclical Stocks to Lead

August 10th: JPMorgan Chase strategists remain bullish on the global stock market and expect the uptrend in the second half of the year to broaden. With the improvement of corporate earnings and economic activity indicators, cyclical stocks are expected to regain leadership and outperform low-volatility stocks.

The team led by Mislav Matejka wrote in the report that they expect the index to hit new highs in the second half of the year, indicating that positions are far from extreme levels, and the second-quarter earnings season is reassuring.

In the cyclical sectors, they focus on banks, luxury goods, building materials, mining, industrial, and cyclical consumer industries; they favor emerging markets and the Eurozone market.