Jin10 data reported on July 17 that JPMorgan analyst Ilan Benhamou stated, “The idea that the Fed is not influenced by political pressure is a ‘myth,’” while betting on an impending rate cut, U.S. stock markets may continue to soar. Benhamou, a member of JPMorgan’s equity derivation sales team, said, “What is happening in front of us now has been playing out behind the scenes for decades. The current situation is similar to the conflict between President Lyndon Johnson in 1965 and Fed Chairman Bill Martin.” As the fact that Powell’s term as Fed Chairman is coming to an end becomes clearer, investors will begin to follow the policies of the next Fed Chairman. He advised clients to continue to go long on the S&P 500 Index and the Volatility Index, with the logic behind this dual bet being: investors will allocate more funds to Crypto Assets, artificial intelligence, and other risk assets; at the same time, due to tariffs, inflation, and uncertainties related to the Fed, market volatility will intensify.
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