**[JPMorgan: Fed Rate Cuts Fully Priced In, U.S. Stocks May Face Profit-Taking Wave]** BlockBeats News, December 9 — JPMorgan strategists stated that the recent rally in U.S. stocks may stall after potential rate cuts by the Federal Reserve, as investors engage in profit-taking activities. The JPMorgan team, led by Mislav Matejka, wrote in a report: "Investors may be more inclined to lock in gains before the year-end rather than increase directional exposure. Rate cut expectations have been fully priced in, and U.S. stocks have returned to their highs." JPMorgan strategists remain bullish on the mid-term outlook, noting that a dovish Federal Reserve will provide support for U.S. stocks. Matejka wrote that, at the same time, factors such as weak oil prices, slowing wage growth, and easing U.S. tariff pressures will allow the Fed to loosen monetary policy without driving inflation higher. Other factors that could boost U.S. stocks by 2026 include reduced trade uncertainty, improved economic prospects in Asia, increased fiscal spending in the Eurozone, and the rapid adoption of artificial intelligence in the U.S. (Jin10)