JPMorgan warns that U.S. stocks may drop by 10% due to the Middle East conflict

According to Jinshi News, JPMorgan's trading department stated that the Iran war could trigger the S&P 500 index to drop by as much as 10% from its peak, and U.S. stock market traders are not yet prepared for this. Andrew Tyler, head of global market intelligence at JPMorgan, pointed out that oil prices have surpassed $100 per barrel, leading him to adopt a "tactically bearish" stance on U.S. stocks. In the event of a pullback, the S&P 500 index could fall to around 6,270 points, approximately 7% lower than last Friday's closing level. Tyler believes that current investor positioning is overall neutral, lacking extreme de-risking actions.