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BREAKING: The S&P 500 closes +1.2% higher, now up +10.2% from its March 30th low. The S&P 500 has now added +$5.8 TRILLION over the last 11 trading days.

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JPMORGAN: BUY THE DIP, V-SHAPED REBOUND LIKELY JPMorgan Chase says investors should buy market pullbacks, arguing conditions support another V-shaped recovery despite geopolitical risks. Strategist Mislav Matejka notes volatility may persist, but a 3–12 month horizon favors adding risk as bearish sentiment and oversold signals create opportunity. The bank also expects international stocks, emerging markets, small caps, and value to outperform, with inflows likely to resume.