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JPMorgan traders turn glum on U.S. stocks, expecting tariff pain


Published on 2025-03-04 16:41:18 - bnnbloomberg
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  • As President Donald Trump unleashes a salvo of tariffs on nations around the globe, the trading desk at JPMorgan Chase & Co. is bracing for US equities to extend losses as levies weigh on growth at home and overseas.

The article from BNN Bloomberg discusses a shift in sentiment among JPMorgan Chase & Co.'s trading desk, where traders have turned bearish on U.S. stocks due to concerns over potential new tariffs. This change in outlook comes as the U.S. considers imposing higher tariffs on imports, particularly from China, which could lead to retaliatory measures and disrupt global trade. The traders at JPMorgan are now betting against the market, expecting that these tariffs could negatively impact corporate earnings, increase costs for businesses, and potentially lead to a broader economic slowdown. This bearish stance is reflected in their trading strategies, focusing on sectors likely to be most affected by trade tensions, such as manufacturing and technology. The article also notes that this pessimism contrasts with earlier optimism fueled by expectations of a robust economic recovery and supportive monetary policies.

Read the Full bnnbloomberg Article at:
[ https://www.bnnbloomberg.ca/investing/2025/03/04/jpmorgan-traders-turn-glum-on-us-stocks-expecting-tariff-pain/ ]