[JPMorgan: Still Optimistic About Global Stock Markets, Cyclical Stocks to Lead the Rally] BlockBeats News, August 10, JPMorgan strategists remain optimistic about global stock markets and anticipate that the upward trend will expand in the second half of the year. With improvements in corporate earnings and economic activity indicators, cyclical stocks are expected to regain leadership and outperform low-volatility stocks. The team led by Mislav Matejka wrote in a report that they expect indices to hit new highs in the second half of the year, noting that positioning is far from extreme levels and the second-quarter earnings season has been reassuring. Within cyclical sectors, they are focusing on banks, luxury goods, building materials, mining, industrials, and cyclical consumer industries; they favor emerging markets and the Eurozone markets.