US stock rally under threat, company profits set to shrink: JPMorgan

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The sizzling stock rally is under threat, and company profits could shrink as consumers feel the squeeze, JPMorgan strategist says

The sizzling stock rally is under threat, and company profits could shrink as consumers feel the squeeze, according to a top strategist at JPMorgan's asset management arm.

"That reset the shot clock on any sort of softer growth, any sort of downturn. I simply think that that's been pushed into 2024 and markets are not grappling with that," Lebovitz said.

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