It is time to get defensive as Wall Street enters a "tricky" period, according to JPMorgan. Stocks have lagged as of late after a stellar start to the year that was bolstered by the artificial intelligence trade. All three major benchmarks are down on the quarter. The Dow Jones Industrial Average has lost 2%, while the S & P 500 and Nasdaq Composite have slid 1% and 0.2%, respectively. Some on the Street see further consolidation ahead.
"Entering seasonally tricky time of the year, on top of a challenging combination of inflation at risk of staying too high and profit margin pressures," he wrote Tuesday. "The latest market move to a more Defensive trading should have legs, such as recent outperformance of Utilities and Staples.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut: