"We Expect A Wave Of New All Time Highs": JPMorgan's Trading Desk Breaks Down The Bull And Bear Cases

From Andrew Tyler, head of JPMorgan's Market Intel desk

The S&P finally broke through, and held, 6k setting a new all-time high on Friday which also broke two consecutive weekly contractions. We think the market setup is bullish and expect a wave of new all-time highs as we gain clarity on the budget/tax bill and trade policy entering earnings season where expectations are too low.