JPMorgan Chase: Stocks expected to remain under pressure, Fed likely to ease policy in a passive manner

On August 5th, PANews reported that according to Caixin, JP Morgan strategists said that the stock market may continue to be under pressure due to slowing economic activity, declining bond yields, and lowered profit expectations. ‘We remain cautious about the stock market, and we expect the phase of ‘bad news is bad news’ to come,’ wrote Mislav Matejka in the report. ‘Under this background, risk trading should not be conducted.’ Strategists pointed out that the Fed will begin to ease policies, but more will be done in a passive way, responding to the weakness of the rise, ‘which may not be enough to push for a rebound’.