Stock market appears to have near-term upside, says JPMorgan's Lakos-Bujas

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“The growth policy backdrop in our opinion still remains supportive for risk assets in general, certainly including equities. At the same time, the positioning is not really stretched to where we are in a problematic territory. So we do think there is still a runway,” Dubravko Lakos-Bujas, chief U.S. equity strategist and global head of quantitative research at JPMorgan Securities, told CNBC’s “Squawk Box” Tuesday. “The summer period, the next two months, is where I think the market continues to break out.”

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