•Investors are 'buying the dip' this week, causing major US averages to recover significantly from intraday lows despite US-Iran conflict.
•JPMorgan traders advise caution, stating it's 'too early to sound the 'all clear'' given global market volatility and shifting geopolitical landscape.
•Global markets, including South Korea's Kospi (12% crash), Chinese, Japanese, Taiwanese, and European Stoxx 600, have experienced substantial losses.
•JPMorgan recommends clients stay long energy and the dollar index, and buy aerospace and defense stocks due to elevated geopolitical fears.
•US crude futures, S&P 500 energy, dollar index, and iShares US Aerospace & Defense ETF have gained, contrasting with S&P 500's slight decline.
