JPMorgan’s trading desk is tactically bearish on US stocks, warning of a potential 10% S&P 500 correction due to the ongoing Iran conflict. Traders are unprepared for this drop, with positioning currently neutral. Oil prices surged above $100 a barrel, raising stagflation concerns, though these risks could subside if the conflict is short-lived.Read More
Nasdaq on Monday announced it will collaborate with Payward, parent company of cryptocurrency exchange Kraken, to develop tokenization infrastructure, aiming to capitalize on the growing interest in blockchain-based equities.Read More
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