US Market Intelligence Morning Briefing

J.P. Morgan maintains a tactically cautious stance on US equities amid inflation concerns and potential volatility surrounding upcoming CPI prints. Investors are advised to consider a defensive positioning and look for buying opportunities on dips.

Key Takeaways

• 1.Tactically cautious stance maintained due to inflation risks and potential equity market pullback despite positive macro fundamentals.
• 2.Focus remains on upcoming US CPI data, with scenarios suggesting potential for a 2-3% drop in the S&P 500 if core inflation exceeds 0.35% MoM.

Table of Contents

• IDEAS & INSIGHTS – IN BRIEF
• JPM MARKET INTEL MORNING UPDATES
• CATALYSTS TODAY (WEEK AHEAD)
• JPM MARKET INTEL EQUITY & MACRO NARRATIVE
• US MKT INTEL: CPI SCENARIO ANALYSIS
• US MKT INTEL VIEW
• NEWS LINKS
• WEEKLY ECONOMIC DATA / EARNINGS
• POLITICAL CATALYSTS