US Market Intelligence Morning Briefing

J.P. Morgan takes a tactically cautious stance on US equities, citing extreme positioning and potential volatility from upcoming inflation prints. The firm recommends a market-neutral approach and defensive sector tilting until bond market volatility stabilizes.

Key Takeaways

• 1.Tactically cautious view due to potential for equity pullbacks and bond volatility.
• 2.Equity market rotation observed from Tech into other sectors amidst stretched valuations.
• 3.Anticipated inflation prints (CPI/PPI) act as key risk catalysts for yield volatility.

Table of Contents

• IDEAS & INSIGHTS – IN BRIEF
• JPM MARKET INTEL MORNING UPDATES
• CATALYSTS TODAY (WEEK AHEAD)
• JPM MARKET INTEL EQUITY & MACRO NARRATIVE
• ADDITIONAL THOUGHTS
• US MKT INTEL: CPI SCENARIO ANALYSIS
• ECON / FICC BULLETS
• NEWS LINKS