JPM Desk: "This Is Nothing More Than An Oversold, Tactical Bounce"

Just as market sentiment had turned apocalyptic, with hedge funds suffering their worst month since 2022... the S&P shot up 2.8%, the best single-day rally since the US-China 90-day tariff pause on May 12, 2025. It was also the best last day of a quarter since... September 2008 (let's see if history further repeats itself in the coming days).