JPMorgan Desk Turns Tactically Bearish, Sees S&P Dropping To 6,270

For much of the past year, with a brief exception around Liberation Day when they correctly turned bearish ahead of the April event, JPM's market intel desk stuck stubbornly bullish even as its clients turned bearish only to be forced to chase stocks into record highs. Well no more: one week ago, we reported that the Market Intel team turned "Tactically Cautious