JPMorgan warns Iran war could trigger a 10% market correction

Wall Street has spent the past week treating the Iran war like a nasty headline cycle: alarming and expensive — but maybe still survivable with enough denial and a functioning commodities desk. JPMorgan Chase, though, just gave that anxiety a number. Bloomberg reported Monday that Andrew Tyler, the bank’s head of global market intelligence, has turned “tactically bearish” and warned that U.S. stocks aren’t prepared for a full correction as the war in Iran drags on and oil hits above $100 a barrel. To Tyle ...