JPMorgan Chase advises reducing leverage; SOX rises 88% in a single quarter.
Related
JPMorgan Chase and HSBC: Market pullbacks provide a window for investment, not a trend reversal.
According to BlockBeats, on July 6th, as we enter the second half of the year, several Wall Street institutions believe that the recent market correction is more of a repositioning opportunity than a trend reversal. Both JPMorgan Chase and HSBC Holdings believe that short-term volatility in global stock markets will not change the overall upward outlook, but the two institutions differ in their specific allocation strategies. Mislav Matejka, Head of Global and European Equity Strategy at JPMorgan Chase, and his team stated that they have maintained a "buy on dips" view since the outbreak of the Iranian conflict. The bank believes that the global economy remains resilient, the situation in the Middle East has not significantly damaged economic growth, and central banks have not shifted to more aggressive tightening policies. Strategists expect that global and emerging market stock markets are likely to reach new highs in the future, and believe that the attractiveness of international markets is increasing. They also believe that the South Korean market, after its recent correction, is worth buying on dips. In terms of sectors, JPMorgan Chase believes that the Philadelphia Semiconductor Index has presented another buying opportunity after the recent correction, but remains relatively cautious about large-cap US technology stocks. The bank advises caution regarding AI-driven sectors, including software, business services, and media. Conversely, the basic resources sector has regained its investment value after recent adjustments, and gold is becoming more attractive. Strategists also point out that overall investor positioning remains cautious, with the market holding substantial cash reserves. If a summer correction occurs, funds are expected to flow back into the stock market. Max Kettner, Head of Multi-Asset Strategy at HSBC Holdings, is more focused on the recovery opportunities in leading AI companies. He stated that the market is entering its summer rally in July and August, and AI hyperscale cloud service providers have already experienced a cumulative correction of approximately 20%, which is considered excessive. Kettner believes that current market expectations for these companies' earnings have been significantly lowered, and these companies still maintain strong profitability. If they can prove that their massive AI capital expenditures are gradually translating into revenue, it will further drive valuation recovery.
*Jpmorgan Chase Recently Evaluated Pursuing Its Own Stablecoin, Sources SAY: BBG
AggrNews News, *Jpmorgan Chase Recently Evaluated Pursuing Its Own Stablecoin, Sources SAY: BBG
JPMorgan Chase: Raises Apple's price target from $325 to $345
According to Mars Finance, on July 7, JPMorgan Chase raised its target price for Apple (AAPL.O) from $325 to $345.
Strategy sold over $200 million worth of BTC in a single week, while Metaplanet made its first BTC purchase in ten weeks.
According to data from SoSoValue, as of 8:00 AM Odaily on July 6, 2026, the total net purchase of Bitcoin by global listed companies (excluding mining companies) last week was $10.57 million, a decrease of 27.85% compared to the previous week. Strategy (formerly MicroStrategy) sold 1,363 bitcoins for approximately $80.8 million on June 30, at an average price of $59,256, reducing its holdings to 846,000 bitcoins; on July 5, it sold another 2,225 bitcoins for approximately $135 million, at an average price of $60,773, further reducing its holdings to 843,775 bitcoins. For the first time in 10 weeks, Japanese listed company Metaplanet announced an investment of $225 million to purchase 2,823 bitcoins at a price of $79,664, bringing its total holdings to 40,177 bitcoins. In addition, two other companies purchased Bitcoin last week. Brazilian Bitcoin company OrangeBTC announced on July 5th that it purchased 1 Bitcoin, the exact amount of which was not disclosed, bringing its total holdings to 3,897 Bitcoins. Asset management company Strive announced on July 6th that it spent $1.68 million to purchase 17.76 Bitcoins at a price of $64,761, bringing its total holdings to 19,882 Bitcoins. As of press time, the total number of Bitcoins held by listed companies worldwide (excluding mining companies) is 1,141,812, a decrease of 0.04% compared to last week. The current market value is approximately $70.3 billion, accounting for 5.7% of Bitcoin's circulating market capitalization.
The Bank of Korea warns that single-leverage ETFs for SK Hynix and Samsung Electronics may amplify stock market risks.
According to Odaily Odaily, the Bank of Korea submitted a written document to the National Assembly disclosing that the rapid expansion of leveraged ETFs based on single stocks such as Samsung Electronics and SK Hynix may be amplifying the structural "grouping" and volatility risks in the South Korean stock market. The combined market capitalization and trading volume of the two companies have increased significantly, with their market capitalization share rising from approximately 36.1% at the end of last year to over 55% recently, and their trading volume share jumping from 27.9% to 63.5%. South Korean financial regulators have also expressed similar concerns, emphasizing the need for continuous monitoring of the potential impact of related products on market stability and systemic risks. They noted that leveraged ETFs with a single underlying asset may exacerbate one-way capital flows under changing market sentiment, and if the market reverses, coupled with intraday rebalancing and derivatives hedging mechanisms, this could further amplify price volatility. (Etoday)
JPMorgan Chase: Maintains Overweight Rating on Tencent; WeChat AI Agent Launch Reduces Risk Premium
According to Mars Finance, JPMorgan Chase issued a report stating that the uncertainty surrounding Tencent's WeChat AI Agent lies in whether it can truly integrate into the WeChat platform, the extent of its transaction permissions, and whether Tencent can build a supply system that the AI Agent can utilize without relying on existing e-commerce platforms to open their inventory. With Tencent beginning beta testing of the WeChat AI Agent in June, the bank's confidence in its value creation framework has greatly increased. The agent service is now sufficiently visible, clearly distinguishing between existing parts and those still needing development. This transforms the WeChat AI Agent from an AI option with no clear timeline into a phased rollout project with observable milestones. The bank believes that the initial impact of the WeChat AI Agent launch on the share price is more likely to come from a reduction in risk premium and an increase in valuation multiples, rather than short-term earnings per share growth. The bank maintains its "Overweight" rating on Tencent with a target price of HK$690. (Cailian Press)