PANews reported on August 5 that according to Cailian Press, JPMorgan Chase strategists said that the stock market may continue to be under pressure due to slowing economic activity, falling bond yields and lower earnings expectations. "We remain cautious about the stock market and expect the 'bad news is bad news' stage to come," Mislav Matejka wrote in the report, "Against this background, risk trading should not be carried out." Strategists pointed out that the Federal Reserve will begin to ease policy, but will act more in a passive way in response to weak growth, "which may not be enough to drive a rebound."