JP MORGAN CHASE(US:JPM) Ge Long Hui A P P·2025-11-07 03:57Core Viewpoint - JPMorgan analysts believe that any pullback in the US stock market before 2026 will present a buying opportunity, with the S&P 500 index expected to break the 7000-point mark, indicating approximately a 3% upside from current levels [1] Group 1: Reasons for Bullish Outlook - Strong economic growth persists despite government shutdown causing data gaps [1] - Robust corporate earnings performance, with 83% of S&P 500 companies exceeding earnings expectations as of October, marking the best record since 2021 [1] - Macroeconomic headwinds are gradually dissipating, with a Supreme Court ruling on Trump tariffs likely to reduce policy uncertainty [1] Group 2: Market Dynamics - Several agreements have been reached, enhancing policy visibility [1] - Government reopening may release liquidity, boosting risk asset prices and potentially triggering a short squeeze in recently underperforming sectors [1] - Overall bull market structure remains solid, supported by earnings momentum and macro resilience, despite concerns over AI-driven valuations [1]