J.P. Morgan US Market Intelligence Afternoon Briefing - August 5, 2026

Key Takeaways

• 1.The firm remains tactically bullish on equities despite negative macro prints on ADP and ISM-Services, citing exceptional earnings growth.
• 2.Consumer growth shows geographic divergence, with domestic US spending strong while Asian consumers demonstrate weakness.
• 3.ETF trading desks report institutional demand for EM AI-adjacent assets and US cyclicals, funded by sales in broad global/developed ETFs.

Table of Contents

• US MARKET INTELLIGENCE | AFTERNOON BRIEFING
• AFTERNOON UPDATES (NEWS LINKS)
• CATALYSTS TOMORROW (FULL WEEK CALENDAR)
• JPM MARKET INTEL EQUITY & MACRO NARRATIVE
• TRADING DESK COMMENTARY
• DAILY EARNINGS MACRO READ-THROUGH
• NEWS LINKS
• WEEKLY ECONOMIC DATA / EARNINGS
• AI / TECH CATALYSTS
• POLITICAL CATALYSTS

Report data

J.P. Morgan Global Market Intelligence Contacts — as of August 5, 2026.

Reports in this series

US Market Intelligence Afternoon Briefing is shown in chronological order through this edition, published on August 5, 2026.

Part of the US Market Intelligence Afternoon Briefing series — view all 33 editions

Looking for the latest edition? JPM US Market Intelligence Afternoon Briefing Oct 12 (Oct 12, 2026)

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2. Jul 28JPM US Market Intell Afternoon Briefing 28.07
3. Jul 29JPM US Market Intell Afternoon Briefing 29.07
4. Aug 3JPM US Market Intell Afternoon Briefing 03 08-3