JPMorgan Traders Drop Bullish View on Stocks After Warsh Speech

JPMorgan Chase & Co.’s trading desk is shifting to a “tactically cautious” view on US stocks for the next few weeks after hawkish remarks by Federal Reserve Chairman Kevin Warsh...

By Jessica Menton · Bloomberg Markets

JPMorgan Chase & Co.’s trading desk is shifting to a “tactically cautious” view on US stocks for the next few weeks after hawkish remarks by Federal Reserve Chairman Kevin Warsh led markets to boost bets on interest-rate hikes this year.