Dubravko Lakos, chief market strategist at JPMorgan, said in an interview with CNBC that risk market volatility could last longer if U.S. tariffs remain tight. He also said that it is not yet certain whether the market will hit a new low, and the key is also the progress of tariff negotiations.
In addition, Dubravko Lakos also believes that it is not a "value stock" to buy at the bottom, but a stock of a high-quality company.
JPMorgan Chase lowered its year-end target for the S&P 500 from 6,500 points to 5,200 points, and the S&P 500 is currently at 5,443 points. According to this expectation, the S&P 500 actually has little room for decline from now on.
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