JP Morgan Says U.S. Stocks Down 13% from Peak, Suggests Buying Opportunity on July 8

According to JP Morgan's report issued on July 8, the bank's Momentum Intelligence team said momentum adjustments have historically declined 10-15% on average, with the current momentum index already down 13% from its peak, signaling a potential buying opportunity in U.S. equities. JP Morgan noted that positioning is already below neutral and macro and micro outlooks remain optimistic, supporting a "buy on dips" stance despite risks from AI trends and oil price movements.
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