JPMORGAN SEES POST-MIDTERM MARKET DIP AS BUYING OPPORTUNITYJPMorgan warns that renewed US-Iran conflict after the midter | Hanami
JPMORGAN SEES POST-MIDTERM MARKET DIP AS BUYING OPPORTUNITY
JPMorgan warns that renewed US-Iran conflict after the midterm elections could trigger an equity selloff and another oil price spike.
However, strategist Mislav Matejka expects any escalation to be short-lived, creating another buying opportunity.
The bank remains bullish on banks, industrials, commodities and semiconductors, while viewing gold's recent pullback as an opportunity to add exposure.
JPMorgan expects the S&P 500 to reach new highs by year-end, supported by earnings growth and stabilizing technology stocks.(Historical earnings: For fiscal 2026 full year (period ended 2026-09-03), Micron reported basic EPS of 75.38, diluted EPS of 74.33, net income of USD 84.969 billion, and revenue of USD 133.188 billion.
Consensus expectations: For the upcoming 2026Q4 event, consensus EPS is 32.5625; revenue consensus is not available.)