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JPMorgan warns of autumn market downturn, seeing AI trade echo 2000 tech boom amid weakening internals and fading conviction.
svmuu.com21/08/2026 09:37
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The bank cites weakening market internals, defensive rotation, and fading conviction in AI stocks as key risks. Strategist Jason Hunter notes similarities between today’s AI trade and the 1999-2000 tech boom, raising concerns about crowded technology exposure. Rising Treasury yields, Middle East tensions, and softer consumer spending further add to the risks.
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