JP Morgan warns of a ‘significant’ sell-off in US stocks this quarter
“A potential sell-off would be driven by a downward revision in earnings forecasts for next year, predicted Jasslyn Yeo, global market strategist at the asset management giant. . .Yeo told CNBC’s ‘Street Signs’ she ‘won’t put a number’ to the sell-off that she’s predicting, but said there will be ‘significant downside risk’ for stock prices.”
USAGOLD note: Between its read on the dollar and this forecast on the stock market, we would place JP Morgan firmly in the bear camp.
Repost from 7-25-2019