J.P. Morgan
May 11, 2026
US Market Intelligence Afternoon Briefing
Daily UpdateEquitiesCommoditiesRates Govt BondsInformation TechnologyConsumer Discretionary
J.P. Morgan remains tactically bullish on US markets, citing AI-driven tech strength and resilient earnings, while raising its 2026 oil price forecast to $97/bbl due to Middle East tensions.
Key Takeaways
- 1.J.P. Morgan remains Tactically Bullish on US equities, driven by resilient macro growth and strong earnings fundamentals.
- 2.AI-related themes, particularly in Semiconductors and Memory, continue to lead market outperformance despite broader index weakness.
- 3.Oil price forecasts have been revised upward, with prices expected to average $97/bbl for 2026 due to structural tightness following Strait of Hormuz closures.
Table of Contents
- IDEAS & INSIGHTS – IN BRIEF
- AFTERNOON UPDATES (NEWS LINKS)
- CATALYSTS TOMORROW (FULL WEEK CALENDAR)
- JPM MARKET INTEL EQUITY & MACRO NARRATIVE
- TRADING DESK COMMENTARY
- US MKT INTEL'S CPI SCENARIO ANALYSIS
- FLASH OIL NOTE FROM NATASHA KANEVA (here)
- US MARKET INTEL VIEW
- NEWS LINKS
- WEEKLY ECONOMIC DATA / EARNINGS
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Andrew TylerFederico ManicardiEllen WangVictoria CamposEloise Goulder
Securities
SPXQCOMDRAM ETFWTIKRE
Themes
AI-Driven GrowthGeopolitical Energy ShockInflation Scenarios
Regions
North AmericaAsia PacificEuropeUnited StatesChinaIran