Signs the Delta wave of the COVID-19 virus were now receding meant it was staying "pro-risk", the banks' analysts said in a global asset allocation report on Wednesday.
"We increase our overweights (buy recommendations) in EM and Japan this month given their recent underperformance and an anticipated boost in Japan from a political regime change".
They also see the economic recovery continuing on its robust path and returning global GDP to its pre-crisis trajectory next year. "We stay bullish on the overall equity market direction," JPMorgan said.
(Reporting by Marc Jones; Editing by Tom Arnold)
