Reported 2 months ago
As global stock sell-offs intensify, JPMorgan Chase's trading desk suggests that the rotation out of the tech sector may be nearing completion, indicating a potential tactical opportunity for investors to buy on dips. Following significant declines, particularly in tech shares, the firm believes macroeconomic data in the coming weeks will play a critical role in determining market movements, while defensive stocks might continue to perform well if market conditions remain weak.
Source: YAHOO