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Strategists at JPMorgan and Citadel Securities have adopted a cautious near-term stance on the S&P 500. They cite seasonal September headwinds, interest rate hike risks, corporate buyback blackouts, …
JPMorgan CEO Jamie Dimon reported record bank profits but warned against buying the S&P 500 and long-dated bonds at current high prices, citing inflation risks, deficits, and geopolitical instability.
Nvidia shares fell amid a broader tech selloff driven by profit-taking after a strong rally, with investors cautious but not panicked. Market leaders like Nvidia and related AI stocks saw declines am…