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JPMorgan Warns Iran Conflict Could Trigger 10% Market Drop

3/9/2026

Summary

Story summary

JPMorgan Chase warns the Iran conflict could trigger a 10% correction in the S&P 500 to about 6,270 points.
Andrew Tyler, head of global market intelligence at JPMorgan Chase, has turned "tactically bearish" as oil prices exceed $100 per barrel.
Traders are not prepared for a downturn, despite a generally neutral market stance.
Analysts previously viewed geopolitical shocks as temporary, but recent developments indicate greater inflation and growth risk.

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Story summary

JPMorgan Chase warns the Iran conflict could trigger a 10% correction in the S&P 500 to about 6,270 points.
Andrew Tyler, head of global market intelligence at JPMorgan Chase, has turned "tactically bearish" as oil prices exceed $100 per barrel.
Traders are not prepared for a downturn, despite a generally neutral market stance.
Analysts previously viewed geopolitical shocks as temporary, but recent developments indicate greater inflation and growth risk.