JPMorgan Strategists Warn US Stock Rally at Risk From Stagflation
Higher prices and weaker US economic growth over the summer are likely to threaten the S&P 500’s rally, according to JPMorgan Chase & Co. strategists.
“Post the recent bounce, we think softer leg is in store next, which could resemble a bit of a stagflationary episode,” the team led by Mislav Matejka wrote in a research note.