"What Gets Us To 7,000... What Drags Us To 6,700": JPMorgan's Desk Lays Out The Two Market Scenarios

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. Well no more, and as the Market Intel team writes in its morning note, they now turn "Tactically Cautious as we prepare for what may be a multi-week period of elevated uncertainty."