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Apple's Earnings Reports exceeding expectations is already a 'clear indication'? The market is more concerned about the three unresolved questions.
Morgan Stanley believes that the figures in the Earnings Reports are not the most critical highlights of this Apple report. "Slightly exceeding expectations" has almost become a consensus in the market; investors are more concerned about a series of unresolved strategic issues, including tariff risks, AI Global Strategy, and iPhone demand, which will dominate market sentiment after the earnings report.
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A JPMorgan survey indicates that the S&P 500 Index has peaked this year, but investors remain bullish on the Magnificent 7.
① A JPMorgan survey shows that 93% of investors believe the S&P 500 Index will hover around 6000 points or lower in the next 12 months, with 40% expecting it to remain within the 5000-5500 points Range; ② Respondents unanimously believe that trade wars and tariff uncertainties will trigger economic consequences, with 61% expecting the USA economy to face stagflation in the next 12 months.
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