JPMorgan traders are bearish, see no off-ramp for Iran conflict
An end to the U.S.-Iran war isn’t on the horizon, leading JPMorgan traders to turn more negative on the market. “We are now Tactically Bearish,” they wrote to clients. “There has been a lack of extreme de-risking with positioning currently neutral. Further, Energy was the most net-sold sector last week as investors took profits into…