JPMorgan optimistic about buying opportunities during stock market pullbacks; oil price premium unlikely to last

格隆汇 March 2｜Mislav Matejka of JPMorgan wrote in a research report that investors with an investment horizon of 3 to 12 months should buy during stock market pullbacks caused by escalating Middle East conflicts. The analyst pointed out that although the direction of the conflict is unpredictable, political pressure means that such escalation is unlikely to last. On Monday, the stock market experienced a sell-off, partly due to concerns that rising oil prices would trigger an inflation shock. Matejka believes that these concerns are unnecessary, as oversupply may cause oil prices to fall back. European stock markets generally declined, with the Stoxx 600 index dropping by 1.7%. US stock index futures also fell, and the tech-heavy Nasdaq index dropped by 1.1%.