JPMorgan has indicated that the worst of the recent correction in the U.S. equity market may be over, with credit markets showing a lower risk of recession compared to equity markets. The bank's strategists, including Nikolaos Panigirtzoglou, noted that credit markets have historically been more accurate in assessing recession risks. Additionally, Bank of America strategist Michael Hartnett emphasized that the current slump in U.S. stocks is a technical correction rather than the onset of a new bear market, suggesting that it may lead to policy intervention. These insights reflect a cautious optimism regarding the stability of the U.S. financial markets.