JPMorgan Strategists Warn: "US Stock Investors’ Complacency is Worrying."
From Greg M
Lions and friends…
JP Morgan just put out a warning, 9/4/2023.
“US stock investors have gotten so confident that it’s concerning.”
“There is complacency in sentiment evident, VIX is near record low and positioning has increased” to above-average levels, “There is no more safety net.”
GM
People are complacent because it's constantly propped up. Even on the rare occasion it crashes, it then goes to new ATHs within a few weeks. Everyone knows the printer keeps debasing the currency- and that just won't ever end until the dollar ends. This is rich coming from JP Morgan- the stock Ponzi in chief!
"Every knee shall bow, every tongue will confess and give praise to God." Romans 14:11 Thank you Jesus for paying the ultimate price for all of our sins. Salvation is free to all.