US Market Intelligence Morning Briefing

J.P. Morgan maintains a 'Tactically Bullish' outlook for the US market, despite near-term risks from semiconductor volatility and leverage-induced corrections. Key focus is on upcoming Micron Technology earnings as a pulse check for AI sector momentum.

Key Takeaways

• 1.The firm maintains a 'Tactically Bullish' stance, though notes near-term risks from semiconductor volatility and leveraged ETF exposure.
• 2.Memory (MU) earnings are highlighted as the primary catalyst for the AI theme, with focus on Strategic Customer Agreements (SCAs).
• 3.Mid-term election years show historically consistent positive returns in the 6-12 month period following election day.

Table of Contents

• IDEAS & INSIGHTS – IN BRIEF
• JPM MARKET INTEL MORNING UPDATES
• CATALYSTS TODAY (WEEK AHEAD)
• JPM MARKET INTEL EQUITY & MACRO NARRATIVE
• MU EARNINGS BUYSIDE BARS
• US MARKET INTEL VIEW
• NEWS LINKS
• WEEKLY ECONOMIC DATA / EARNINGS
• US CALENDAR
• ECONOMICS
• EARNINGS
• GLOBAL CALENDAR
• POLITICAL CATALYSTS

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