[JPMorgan Expects Retail Funds to Continue Driving Stock Market Higher] JPMorgan stated that strong seasonal trends are expected to keep retail fund inflows supporting the stock market through the end of the year. The S&P 500 index, driven by AI-related tech stocks, has risen for six consecutive months and set 36 all-time highs. JPMorgan expects retail-driven momentum to continue until early 2026, with recent inflows into stock ETFs amounting to approximately $160 billion. Although the stock market has temporarily stalled due to profit-taking and uncertainties surrounding U.S. policies and the Federal Reserve's interest rate trajectory, Goldman Sachs analyst Richard Privorotsky believes any pullback should be short-lived, describing stocks as still a 'buy-the-dip' opportunity.