JP Morgan strategists led by Mislav Matejka say investors should use market
pullbacks to add exposure, citing a strong corporate earnings outlook.
acknowledge rising global bond yields and elevated inflation concerns but still
expect the equity rally to continue. Improving earnings revisions mean downturns
compress P/E ratios and make equities cheaper. The macro backdrop is supportive,
with US and eurozone manufacturing near four‑year highs. The team judges modest
central‑bank tightening unlikely to derail equities unless inflation
expectations shift materially. Matejka correctly flagged the potential for fresh
highs in June.
