JPMorgan Says Blockbuster Earnings Outweigh US-Iran War Risks for Stocks as Energy Shock Hits Healthy Inventories
Updated
Updated · Bloomberg · May 12
JPMorgan Says Blockbuster Earnings Outweigh US-Iran War Risks for Stocks as Energy Shock Hits Healthy Inventories
1 articles · Updated · Bloomberg · May 12
Dubravko Lakos-Bujas said strong corporate profits are eclipsing geopolitical risks for equities even as US-Iran tensions keep markets focused on a potential energy shock.
Healthy energy inventories helped markets enter the disruption from a stronger position, cushioning the effect of any supply strains tied to the standoff.
JPMorgan’s head of global markets strategy described the latest reporting season as “blockbuster” and “extremely strong,” arguing earnings are giving stocks a powerful counterweight to war concerns.
The view suggests investors are still treating fundamentals—not geopolitics—as the dominant driver for equities unless the energy disruption worsens materially.
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