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BlockBeats News, August 21st, JPMorgan Chase believes that although the major U.S. stock indexes are still holding a bullish trend, the market is increasingly at risk of a downturn in late summer or early fall.
The bank pointed out that the current market is experiencing internal indicator weakness, defensive sector rotation, and waning confidence in AI stocks. Strategist Jason Hunter believes that today's AI trading bears similarities to the 1999-2000 tech boom, raising concerns about an overcrowded long exposure in the tech sector.
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