A J.P. Morgan strategist said that if bond yields continue to stabilize, they will “greatly support the stock market.” The team led by Mislav Mateka said that the end of the bond sell-off market will help make the stock cycle more sustainable, ease AI financing pressure and residents' financial pressure, and stop the trend of continuing contraction in price-earnings ratios. The strategist pointed out that the third-quarter earnings season is expected to bring “positive signals,” and most of the results disclosed so far are in the type of “profit exceeding expectations and upward guidance.” They added that even with mixed results, the stock price response did not weaken excessively. The strategist says this is especially true in the European market.

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