Brace For 'More Frequent Market Tantrums'; JPMorgan Global Market Strategist Warns

The risk of market "tantrums" is rising as sharp swings in semiconductor stocks force some investors to cut allocations, according to JPMorgan strategists.

The team led by Nikolaos Panigirtzoglou wrote in a must-read note (available here to pro subs) a rebound in chip stocks to record highs this week has been accompanied by higher volatility, potentially triggering so-called 'VaR shocks' for portfolios.