JPMorgan's trading department takes a 'cautious' attitude towards US stocks after news of the Federal Reserve's investigation spreads Odaily Planet Daily reported that JPMorgan's securities trading department stated that the latest impact of the Trump administration on the independence of the Federal Reserve poses a threat to the US stock market at least in the short term. The news of the Federal Reserve facing a criminal investigation hit the US market on Sunday evening, causing stock index futures and the US dollar to fall, and funds to flood into safe haven assets such as gold. Andrew Taylor, head of global market intelligence at JPMorgan Chase, said, "Although macro and corporate fundamentals support a tactical bullish stance, the risks to the independence of the Federal Reserve have created a suppressive factor above the market, so we remain cautious in the very short term. Risks surrounding the independence of the Federal Reserve may push the US market to underperform in the short term