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REAL-TIME GLOBAL RESEARCH

US MARKET INTELLIGENCE | MORNING BRIEFING

Published: 2026-07-28Institution: JPMorganPages: 15Original language: EnglishEvidence page: 15

Research evidence excerpt

US MARKET INTELLIGENCE | MORNING BRIEFING

may not be precise or exact and should be used for guidance only. Unless stated otherwise in the Trade

Idea(s), the date and time of dissemination are the date and time the relevant Trade Idea(s) are communicated. J.P. Morgan may today, or in the future, do business or enter into

transactions on a principal basis for any issuer(s) or financial instrument(s) to which the Trade Idea(s) directly or indirectly relate, including in response to the applicable Trade

Idea(s). J.P. Morgan employees or agents may personally hold investments or enter transactions for any issuer(s) or financial instrument(s) to which the Trade Idea(s) directly or

indirectly relate, including in response to the applicable Trade Idea(s).

Supporting documentation or any claims, comparisons, recommendations, statistics, or other technical data will be supplied upon request. J.P. Morgan is the marketing name for

the Corporate & Investment Bank of JPMorgan Chase & Co. and its subsidiaries and affiliates worldwide. J.P. Morgan Securities LLC, member of SIPC, FINRA and NYSE. Clients

should contact their salespersons at, and execute transactions through, a J.P. Morgan entity qualified in their home jurisdiction unless governing law permits otherwise.

IRS Circular 230 Disclosure: JPMorgan Chase & Co. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any

attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with JPMorgan

Chase & Co. of any of the matters addressed herein or for the purpose of avoiding U.S. tax related penalties.

Copyright © 2026 JPMorgan Chase & Co. All rights reserved.

The English excerpt is extracted automatically from the cited source page and may contain layout or recognition errors. It is never batch translated.

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