A tactical buy signal just flashed in the stock market, according to JPMorgan's trading desk.
AdvertisementA tactical buy signal just flashed in the stock market, according to a Tuesday note from JPMorgan's trading desk.
The buy signal suggests that the S&P 500 could jump 3% within the next 20 days, which would put the index within spitting distance of its all-time high.
But a bullish buy signal isn't enough to push the stock market higher on its own, JPMorgan's trading desk admitted.
Instead, for this most recent buy signal to be successful, corporate first-quarter earnings will have to deliver and geopolitical tensions will have to cool down.
Persons:
—, What's
Organizations:
JPMorgan, Service, Tactical Positioning