JPMorgan analysts believe that despite the recent worst market sentiment, there is still a
Jin10 data reported on April 3 that JPMorgan analyst Ilan Benhamou stated that market participants' sentiment is the worst since the pandemic, but he still believes that the U.S. stock market has the potential to rebound. Benhamou mentioned that in the face of an economic slowdown, increasing recession risks, earnings revisions, and stock target price downgrades, it is hard not to be more bearish. However, he wrote, "When everything seems very frustrating, the most severe rebounds usually occur." Benhamou said that as the market is pricing in the worst-case scenario for tariffs, and that statements from the Trump administration may be more ambiguous than expected, an "inevitable rebound" could occur. He wrote, "Trading sentiment can also change as quickly as it does when falling."
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JPMorgan analysts believe that there is still room for the US stock market to rise.
Jin10 data reported on April 3 that JPMorgan analyst Ilan Benhamou stated that market participants' sentiment is the worst since the pandemic, but he still believes that the U.S. stock market has the potential to rebound. Benhamou mentioned that in the face of an economic slowdown, increasing recession risks, earnings revisions, and stock target price downgrades, it is hard not to be more bearish. However, he wrote, "When everything seems very frustrating, the most severe rebounds usually occur." Benhamou said that as the market is pricing in the worst-case scenario for tariffs, and that statements from the Trump administration may be more ambiguous than expected, an "inevitable rebound" could occur. He wrote, "Trading sentiment can also change as quickly as it does when falling."