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The S&P 500 faces a near-term selloff and likely won’t rally until the Fed starts cutting rates, JPMorgan’s top strategist says

The S&P 500 faces a near-term selloff and likely won’t rally until the Federal Reserve starts cutting interest rates, according to JPMorgan’s top strategist. Marko Kolanovic said Tuesday he expects US stocks to fall another 5%, while the more volatile tech shares could drop up to 10%, in a CNBC …

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