JPMorgan Warns of Imminent Market Volatility
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JPMorgan warns investors to prepare for market volatility despite current optimism. While recent inflation data eased concerns, the firm's Fabio Bassi notes the market is pricing in a 'Goldilocks scenario' and is vulnerable. He anticipates a 5-10% S&P 500 pullback, potentially to 5800-6000, though this could present a buying opportunity later. Bassi advises maintaining hedged positions, favoring defensive sectors like utilities and staples.
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