JPMorgan warns stock market sell-off has 'further to go'

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The Federal Reserve,Stocks

Despite a rebound on Monday, many bearish strategists believe there are mounting risks to the market rally.

on Monday, but some bearish Wall Street strategists still see concerns that aren't going away anytime soon for investors."Price action may depend on earnings and could stabilize near-term," JPMorgan's chief market strategist Marko Kolanovic wrote in a note on Monday. "Beyond this, however, we think the sell-off has further to go.

At the end of summer 2023, markets became increasingly pessimistic about the Fed cutting rates. Investors interpreted comments Chair Jerome Powell made at the Fed's September meeting last year to mean thean increasing number of economists have floatedThis has caused a familiar reaction in markets.

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