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2026-11-04 22:56:27
[JPMorgan: Tech Stocks Poised for Rebound Following Midterm Elections] JPMorgan's trading department believes tech stocks may see a rebound. JPMorgan's US market intelligence team maintains a tactical bullish view, believing the recent sell-off in tech stocks may present a short-term recovery opportunity. They recommend a barbell strategy, allocating to both tech and cyclical stocks. The team judges that the broad-based rally is likely to continue, but the upside potential for the energy sector is limited, while downward pressure on tech stocks has eased. Among cyclical sectors, they are more optimistic about consumer and financial sectors. The research report cites data from JPMorgan analyst Craig Cohen: Since 1950, the S&P 500 has risen in the year following every midterm election, with an average increase of approximately 15%. The bank's market intelligence team adds that historical data shows that the S&P 500's average gains in the three, six, and nine months following midterm elections are 5.4%, 11.4%, and 12.5%, respectively.
