One of Wall Street’s biggest bears is turning upbeat on the stock market for the first time in 2 years

• JPMorgan’s top strategist had something positive to say about stocks for the first time in a while.
• JPMorgan chief equity strategist Dubravko Lakos-Bujas said investors should get less defensive.
• “While it is too soon to assume that this is a turning point, it does suggest that a recession is unlikely in the near term.”

Strategists at JPMorgan have been bearish on the stock market since October 2022.