JPMorgan Chase: The stock market is expected to remain under pressure, with the Federal Reserve anticipated to relax policies in a passive manner

PANews reported on August 5th that strategists from JPMorgan Chase stated the stock market might continue to be under pressure due to a slowdown in economic activity, declining bond yields, and downward adjustments of profit expectations. "We remain cautious about the stock market and anticipate that we are approaching a phase where 'bad news is just bad news'," wrote Mislav Matejka in his report, "In this context, risky trades should not be made." Strategists pointed out that while the Federal Reserve will start easing policies, it would likely act more passively by responding to sluggish growth. They noted this may not be enough to stimulate a rebound.