JPMorgan & HSBC See Recent Market Pullback as Buying Opportunity, Not Trend Reversal

According to BlockBeats, JPMorgan Chase and HSBC on July 6 view the recent market pullback as a tactical buying opportunity rather than a trend reversal, with both expecting global equities to reach new highs.

JPMorgan's global and European equity strategy head Mislav Matejka said the bank maintains a "buy on dips" stance and expects both global and emerging market stocks to set new records. The bank recommends cautious positioning on AI-disrupted sectors including software, business services, and media, but sees renewed value in semiconductor stocks and basic resources after recent weakness. HSBC's multi-asset strategist Max Kettner notes that AI cloud giants have declined about 20% and are oversold, with potential for significant valuation recovery if capital expenditures convert to revenues.