Iran conflict could lead to 10% drop in S&P 500
Business
JPMorgan says the ongoing Iran conflict might cause the S&P 500 to fall by about 10%, possibly dropping it to around 6,270 points.
Rising tensions have already pushed oil prices over $100 a barrel, fueling worries about stagflation, a mix of slow growth and high prices.
The bank notes that if things calm down soon, these risks could fade.
Investors are currently playing it safe, says JPMorgan's Andrew Tyler
According to JPMorgan's Andrew Tyler, investors are playing it safe and holding neutral positions, meaning they're not really prepared for any big swings in the market right now.
He adds that while many investors are being cautious at the moment, a quick resolution in Iran could turn things around pretty fast.