JPMorgan’s Market Intelligence team shifted its U.S. stock view to “tactical bullish” from “neutral” on Sept. 28, about a month after the downgrade, as Treasury yields and oil prices retreated and expectations for additional Federal Reserve tightening eased. Goldman Sachs said a “Goldilocks rally” and an earlier-than-usual year-end advance could develop if oil prices and inflation stabilize, economic growth remains moderate and corporate earnings stay strong. JPMorgan said third-quarter earnings would be a key test for technology stocks after several months of correction reduced crowded positioning and valuation pressure. The bank highlighted AI supply-chain companies, including semiconductor and power firms, small- and mid-cap stocks, banks, and technology companies in South Korea and Taiwan as areas to watch.