JPMorgan's trading department is cautious about the short-term performance of US stocks

On January 12th, JPMorgan's securities trading division stated that the recent 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 on Sunday evening hit the US market, causing stock index futures and the US dollar to fall, and funds flowing into safe haven assets such as gold. Andrew Taylor, the head of global market intelligence at JPMorgan Chase, stated that the risk of Federal Reserve independence is suppressing the upward space in the market, and caution should be exercised towards the US market in the short term.