STOCKS | JPMorgan Strategists Stay Bullish on Year-End Stocks as Earnings Improve

JPMorgan strategists said strong economic momentum, earnings tailwinds, and manageable bond-market risks support their bullish stance on stocks through year-end. According to Sina Finance, a team led by Mislav Matejka said rising purchasing managers' indexes and stronger-than-expected economic data have pushed earnings-per-share revisions across regions back into positive territory. The report said many investors were cautious before summer and expected an economic slowdown, while current positioning remains light, meaning further market gains could become a contrarian trade. The team added that, unlike in 2025, the AI technology sector is unlikely to be the main driver of second-half returns, and the rally is expected to broaden into more sectors.