Inflation Report Shakes Stock Market? JPMorgan's Warning

Inflation report due Thursday could trigger a stock market shakeup! JPMorgan Chase warns that a hotter-than-expected inflation report could send the S&P 500 tumbling from its record highs, potentially down to 6000. Investors are currently banking on cooling inflation to push the Federal Reserve to cut interest rates, fueling the Goldilocks scenario. The August Consumer Price Index (CPI) numbers are the key. While economists predict a slight rise, anything hotter could burst the bubble of optimism. JPMorgan anticipates inflation will pick up in the coming months, historically bad news for stocks. Despite this, they remain broadly positive on equities long-term, recommending low volatility, high-quality growth stocks like big tech, pharma, and defense. Hosted on Acast. See acast.com/privacy for more information.