JPMorgan says it's a 'V-shaped' recovery so buy banks and retailers

People pass a sign for JPMorgan Chase at it's headquarters in Manhattan, New York City.
Spencer Platt | Getty Images

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U.S. equity markets are on track for a V-shaped recovery, according to JPMorgan. 

Positive reopening trends in China and Europe are giving the Wall Street firm hope the U.S. will follow suit, and experience steady virus normalization and a sharp, rapid economic recovery.