Oil Shock Could Trigger 15% S&P Drop, JPMorgan Warns
TL;DR
JPMorgan Private Bank warns that oil prices staying above $90 a barrel could trigger a domino effect in equities, potentially pushing the S&P 500 down 10-15% with spillovers to global markets and slower US growth, and the risk could worsen if prices rise toward $120.
- JPMorgan says higher oil prices could spark a 'domino effect' that tanks the S&P 500 by 15% Business Insider
- S&P 500: An End In Sight (Technical Analysis) (SP500) Seeking Alpha
- Are We Due For a Correction? A Wealth of Common Sense
- Geopolitical Crises Have Rocked the S&P 500 Before. Every Single Time, Patient Investors Came Out Ahead. The Motley Fool
- Opinion: The S&P 500 just broke a major support. Another 10% decline is likely. MarketWatch
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