Investors Heavily Search JPMorgan Chase & Co. (JPM): Here Is What You Need to Know
Bank of England may cut interest rates this week, and the British pound bulls may be disappointed.
Hedge funds' bets on the British pound's strength have risen to the highest level in a decade. If there is a possibility of a rate cut stimulating the pound to fall later this week, the likelihood of such bets falling sharply will increase. The latest weekly data from the U.S. Commodity Futures Trading Commission shows that leveraged funds, including hedge funds, added net long positions on the pound, to the highest level since July 2014. Such bets have more than doubled in the past month and have grown for four consecutive weeks. More and more strategists believe that these positions are somewhat excessive, and if the Bank of England cuts interest rates on Thursday, the position situation may easily reverse. Market pricing indicates the United Kingdom
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JPM Elliott Wave Technical Analysis [Video]
JPMorgan: Despite the adjustment, the upward cycle of Asian technology stocks still has room for continued growth.
JPMorgan said that the rise of Asia's technology stocks is not over yet, and the current adjustment seems to be similar to the adjustment in the previous cycle. AI hardware spending may maintain growth in the next one to two years, while companies' expectations for the use of AI are still moderate and have not reached the level of being greatly disappointed by the market in 2025. "The recovery of cyclic non-AI technology has been quite slow, but inventory has been clearing, and most companies have finally begun to ship on demand," wrote Gokul Hariharan in the report. Overall, the valuation of Asian technology stocks is high but not excessive, or it does not indicate an impending market collapse.
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