Here are the bull and bear cases for stocks from JPMorgan

The Nasdaq struggled yesterday but bounced back today in a rebound from three days of selling. What next? The JPM desk offered up this.

The bull case:

• Economic data inflects higher
• Positive July seasonals;
• Earnings deliver on expectations
• Bond yields peak
• Positioning tailwinds

The bear case:

• Macro sentiment deteriorates
• Tactical pullback arrives
• Weaker guidance
• AI theme abandonment
• Exogenous shocks

h/t @MrMBrown

This article was written by Adam Button at www.forexlive.com.