Reported 6 months ago
JPMorgan forecasts a potential 10% sell-off in the stock market during the summer months, with the S&P 500 possibly dropping to 4,800. Highlighting three catalysts, the bank suggests that buyer exhaustion, momentum unwind, and potential macro data disappointment could be triggers for the decline. These factors, such as earnings season performance, market momentum, and the upcoming May jobs report, could influence investor sentiment and lead to a significant pullback in stock prices.
Source: YAHOO