JPMorgan: The technical washout in the US stock market may have ended, making it suitable for buying on dips

According to Jin Ten reports, JPMorgan's trading department stated that the longest consecutive decline in U.S. stocks since August has created opportunities for bargain hunters. The S&P 500 index has fallen for four consecutive days, down a total of 3.4% as of Tuesday's close. Andrew Tyler, head of global market intelligence at JPMorgan, indicated that this round of correction represents a "technical washout" for the stock market, and the adjustment period may have ended. In a report to clients on Wednesday, Tyler pointed out that, given no changes in fundamentals, it is now a good time to buy on dips.