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

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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

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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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