JPMorgan: If the upcoming announcement from Trump can drive the market higher, investors should be bullish.

The Golden Finance reports that U.S. President Trump has previewed an upcoming “historic announcement”. JPMorgan has told investors that if this announcement can drive the market higher, then investors should be bullish. On Tuesday, Trump revealed during a meeting with Canadian Prime Minister Carney in the Oval Office that he plans to announce a “very, very significant message” before his trip to the Middle East next week. In response, JPMorgan stated that Trump mentioned he would announce this news “before he departs on Thursday, Friday, or next Monday”. To get ahead of this announcement, investors should buy call options, especially on the S&P 500 index. Bram Kaplan, head of Americas Equity Derivatives Strategy at JPMorgan, wrote in a note: Given other major catalysts in the coming week, the potential for systematic strategy re-leveraging to strengthen upward momentum, and the normalization of short-term implied volatility levels over the past few weeks, hedging short-term upside risks is worthwhile. (Jin10)