Is The AI Puke Finally Over? JPMorgan Says Capitulation Is "Far Along" And Tells Clients To Buy...

The stock market's winners just had their worst month in 40 years.

That is the verdict of JPMorgan's head of global markets strategy Dubravko Lakos-Bujas, whose latest Global Equity Strategy note (available to pro subs) puts hard numbers on what anyone long AI already feels in their P&L: the long momentum portfolio lagged the market by 11% in October, a roughly 6-sigma move and the worst single month in a data series that starts in 1985!