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Nasdaq, S&P500: JP Morgan see a greater chance of a pullback - last week not enough

Nasdaq, S&P500: JP Morgan see a greater chance of a pullback - last week not enough
JP Morgan's Market Intel team are giving a 40% chance to the US stock market pulling back before resuming its trend higher. Up from their previous 35% probability. JPM say that last week's fall does not constitute the pullback they are looking for, but concede they were looking for a bigger pullback in June before indexes rocketed higher. In June JPM were looking for a deeper pullback citing: less rosy macro datathe continuation of the tightening cycleearnings outlookand lack of incremental buye... Read More
Posted: Aug 14 2023, 22:31
Author Name: forexlive
Views: 0920100

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