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JP Morgan Says 40% Correction Looms

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JP Morgan Says 40% Correction Looms

(New York)

Okay investors, hold on to your hats. A big name has just come down with a stern and gloomy warning for the markets. JP Morgan is saying that stocks may have a giant bear market. How big? Try a 40% correction, according to the bank's co-president. Daniel Pinto, the bank's co-president who oversees trading and investment banking, says that markets are bound for a big correction because of fears over rising interest rates and inflation. The bank thinks the market will see a two- to three-year downturn where prices will fall up to 40%.

FINSUM : This is a big correction that JP Morgan is calling for. We do think the market might go through a rough patch, but we don't know if it is going to reach these kind of Financial Crisis era proportions.

  • stocks
  • jp morgan
  • bear market
  • rates
  • inflation

    The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


    The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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