Aug
22
JPMorgan: Range-Bound S&P 500 Could Spell Trouble For U.S. Equities
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Flight-to-quality rally in Treasuries seen if stocks crack
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Nasdaq 100 can offer clues to next ‘material correction’
For once, stability in stocks might be a bad thing. Technical analysts at JPMorgan Chase & Co. say that if the S&P 500 can’t escape its 2,400 to 2,500 range, it could spell trouble for U.S. equities heading into September.
Amid the slew of headline risks — including Washington turmoil, North Korea tension, and monetary policy shifts — the last two weeks’ price declines and initial volatility spikes from extreme low levels highlight stocks’ vulnerability, raising the prospect of a flight to Treasuries, according to strategists including Jason Hunter and Alix Tepper…
JPMorgan: Range-Bound S&P 500 Could Spell Trouble For U.S. Equities
