According to Golden Finance, JPMorgan analyst David Lebovitz said that U.S. stocks have hit a low buying range because he believes the United States will still avoid a tariff-induced recession. Lebovitz has been waiting for the S&P 500 to hit 5,100 points, which fell below that level on Friday afternoon. He is far from "completely betting" on the U.S. stock market and believes the risk of a U.S. recession is rising. But Lebovitz said it may take advantage of the recent stock market sell-off to moderately increase positions at current trading levels. “The cheaper the stock, the more interested we are,” Lebovitz said. “In the long run, from a return perspective, reducing holdings in non-recession years tends to be ineffective.”