Premium"Markets Are Due For A Pullback": JPMorgan Trading Desk Turns "Tactically Cautious"
Unlike its chief economist and certain former equity strategists, JPMorgan's market intel desk has been almost as correct as Goldman's notoriously accurate S&T desk, whose head of Risk Josh Shiffrin called the bottom to the day, as zerohedge subscribers learned on April 7, when the S&P was trading just below 5,000, or one bear market lower.
"I’ve been negative, but now I’m bullish. Time to start scaling in."
— zerohedge (@zerohedge) April 7, 2025
- Goldman head of risk and CSO, Josh Schiffrin