JPMorgan Lists Seven Indicators Warning of Q4 Market Moves: Leverage and Positioning "Excess" Returns to US Stocks, Names Margin Accounts as the Biggest Vulnerability

Zhito Finance APP has learned that two months ago, JPMorgan still believed that the deleveraging in US stocks had already cleaned out the previous excess. Now, it has taken back half of that statement. In its "Flows and Liquidity" weekly report released on September 30, the bank's global market strategy team said that the "excess" in some leverage and equity positioning indicators has returned to the market and could become a headwind for the stock market in the fourth quarter - the main title of the report is "Stock Market Fragility."