JPMorgan Issues Tactical Buy Signal for S&P 500, Says Short-Term Upside Potential May Remain
Source：
www.thestreet.com
The JPMorgan trading team stated that its U.S. tactical position monitoring model has issued a buy signal for the S&P 500 Index, believing that current U.S. equity positioning has retreated to a level worthy of contrarian positioning. The report stated that following position changes similar to those observed over the past four weeks, the S&P 500 Index averaged a gain of approximately 3% over the subsequent 20 trading days, higher than the average gain of approximately 1% in other periods.
