Svmuu News JPMorgan Chase The trading division stated that a war with Iran could trigger a drop of up to 10% in the S&P 500 from its recent highs, and U.S. stock traders are not yet prepared for this. JPMorgan Chase Andrew Tyler, head of global market intelligence, said Monday that he has turned “tactically bearish” on U.S. stocks as oil prices surpassed $100 a barrel with no signs of the Middle East conflict easing.A pullback would mean the S&P 500 would fall 10% from its high to around 6,270 points, about 7% below Friday’s closing level. Tyler said investors’ current positions are not prepared for a decline, noting that “positions are generally neutral, with a lack of extreme risk-off moves.”Energy stocks saw net selling last week as traders “anticipated a de-escalation of the situation.” However, after several Gulf nations cut production, oil prices surged above $100 per barrel, sparking market concerns about long-term supply shocks and the risk of stagflation.Tyler believes these risks could subside quickly if the conflict does not persist. “Once a clear path to de-escalation emerges, this tactical assessment will end, as underlying macro fundamentals continue to support risk assets.” (Jin Shi)