JPMorgan Sees S&P 500 Poised to Rally as New Buy Signal Flashes

JPMorgan Sees S&P 500 Poised to Rally as New Buy Signal Flashes JPMorgan Chase & Co.’s analysts said an in-house indicator is “now flashing a buy-signal” — something that has typically indicated the S&P 500 Index is poised to gain. The bank’s global market intelligence team, lead by Andrew Tyler, said its so-called tactical positioning monitor is pointing to “material upside” for the stock-market benchmark, though they flagged risks stemming from crowded positions in semiconductor stocks and the outlook for the US-Iran war. But the group said they continue to be “tactically bullish” on US stocks, anticipating equities will benefit from lower bond yields, a weaker dollar and strong corporate earnings.