From Andrew Tyler, head of JPMorgan's Market Intel desk
The S&P finally broke through, and held, 6k setting a new all-time high on Friday which also broke two consecutive weekly contractions. We think the market setup is bullish and expect a wave of new all-time highs as we gain clarity on the budget/tax bill and trade policy entering earnings season where expectations are too low.
On earnings, we think that Financials will create positive momentum carried and accelerated by MegaCap Tech into the Aug 28 NVDA print.
