Stocks face ‘meaningful’ downside risk amid ‘complacent’ markets: JPMorgan

MarketWatch/Vivien Lou Chen/2-15-2023

“Seventy-two percent of respondents in JPMorgan’s survey described markets as being too complacent. January’s stock action had been driven by a ‘fear-of-missing-out’ rally and, for a time, it seemed retail participation was on its way back, with recent sentiment among individual investors turning bullish. Data from Refinitiv Lipper, however, shows investors have been walking away from stock-market funds and going into bonds for weeks.”

USAGOLD note: Another no punches pulled warning from a top Wall Street investment firm……Only this time from its clientele. 68% said they would be sellers in the coming days/week, according to a survey conducted by the firm.