The Nasdaq struggled yesterday but bounced back today in a rebound from three days of selling. What next? The JPM desk offered up this.
The bull case:
Economic data inflects higherPositive July seasonals;Earnings deliver on expectationsBond yields peakPositioning tailwinds
The bear case:
Macro sentiment deterioratesTactical pullback arrivesWeaker guidanceAI theme abandonmentExogenous shocks
h/t @MrMBrown
This article was written by Adam Button at www.forexlive.com.
