easyroulette| JPMorgan's trading department says the time is ripe for U.S. stocks to rise further

An indicator of JPMorgan Chase is making a sound.EasyrouletteSignal to buy US stocksEasyrouletteThe index had previously hit the threshold that usually leads to higher-than-average gains.

A team led by Andrew Tyler, head of US market intelligence at JPMorgan Chase, said in a report on Wednesday that the bank's US tactical position index, which measures clients' exposure to US equities, had hit levels that suggested the S & P; was attractive. After a similar four-week position adjustment, the s & p 500 typically rose about 3% over the next 20 days, the report said.

Us stocks have risen so far this week as strong corporate results boosted the S & P 500. The index has fallen for three consecutive weeks on fears that interest rates will remain high in the coming months. This week's stock market focus is on the technology giant, Meta Platforms Inc. The results are released after Wednesday, and Microsoft and Alphabet Inc. Thursday. A key indicator of inflation, the personal consumption Expenditure Price Index, will be released on Friday, and investors will look for signs of cooling price pressures.

"the tactical rebound seems likely to continue, with the key to this week's release of large tech stock earnings and the personal consumption expenditure price index," Tyler wrote. "if all this is all right, you may see the market rush up, but it feels as if bargain buying has started."

'The current pattern is similar to that of August and October last year, and U. S. stocks have rebounded since then,'he said.

Earlier this week, Marko Kolanovic, chief market strategist at JPMorgan Chase, said in a note to clients that the stock market decline was not over as macroeconomic risks such as rising bond yields and rising oil prices rose.