JPMorgan Sees 10% Correction in S&P 500 as War Risks Build Up
US stock traders are unprepared for a correction in the S&P 500 that could see the gauge falling as much as 10% from its peak as a result of the...
By Geoffrey Morgan · Bloomberg Markets
US stock traders are unprepared for a correction in the S&P 500 that could see the gauge falling as much as 10% from its peak as a result of the war in Iran, according to JPMorgan Chase & Co.’s trading desk.