# JPMorgan Shifts Back to Bullish U.S. Stocks Ahead of Jobs Report

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/24952
Published: 2026-09-28T14:39:58.000Z
Updated: 2026-09-28T14:39:58.000Z
Section: Investing

> The trading desk cited stronger-than-expected economic activity, resilient consumers, solid earnings growth and more stable bond yields.

JPMorgan’s trading desk has shifted back to a bullish view of U.S. stocks ahead of the September nonfarm report, citing stronger economic activity, resilient consumers and solid corporate earnings growth.

Technology stocks are among the desk’s areas of focus as bond yields appear to be moving toward a more stable range. Oil prices remain volatile but may gradually ease, improving the broader market mix.

Andrew Tyler, JPMorgan’s head of U.S. market intelligence, said Monday that stabilizing bond yields and a potentially softer oil market were supporting the shift. Economic growth and corporate earnings remain sufficient to support risk assets, Tyler said.

The move reverses a more cautious tactical position from late August, when the desk reduced its view on U.S. stocks after the Federal Reserve chair signaled a hawkish stance at Jackson Hole. Markets then raised expectations for higher interest rates.

Tyler had also turned cautious in early June, before U.S. stocks underwent a several-week correction.