JPMorgan: The strong rise of the US stock market will continue, with a technical momentum reversal on the horizon.

[Coin World] According to reports, despite the S&P 500 index hitting new highs, raising concerns among investors about overvaluation and the resurgence of "meme stock" bubbles, JPMorgan believes that the strong rise in U.S. stocks will continue. Andrew Tyler, the bank's global market intelligence chief, pointed out on Thursday that while the overall market has not yet formed a unanimous bullish consensus, communications with clients indicate that even those investors who were originally pessimistic are beginning to capitulate and admit their mistakes. Recent progress in trade agreements, positive economic data, and a rebound in merger and acquisition activity have collectively provided strong momentum for the stock market. From a technical perspective, this round of rising has also benefited from a combination of momentum reversal and "meme heat", making shorting operations face higher costs and risks. If macroeconomic data continues to be robust and more trade agreements are reached, the market may even "make a significant step upward." Scott Rubner, head of equity and derivation strategy at a securities company, also believes that U.S. stocks will continue to rise until September, suggesting that investors "first seize the opportunity for a rise, and then establish hedging in the fall."