According to CoinMeta, as reported by in, JPMorgan strategist Fabio Bassi believes that there is still room for upside in the U.S. stock market by the end of the year, but the market trend will depend on sector rotation rather than a simultaneous rise in all risky assets. JPMorgan maintains a constructive view on stocks, preferring high-quality growth stocks, cloud computing leaders, and the semiconductor sector after re-pricing. Bassi believes that recent volatility indicates that funds are withdrawing from crowded trades and entering sectors with higher profitability visibility and more digestible valuations. JPMorgan interprets the upward movement in long-term U.S. Treasury yields as a signal of increasing capital demand and investment opportunities.