Economic Concerns - The Federal Reserve expressed concerns about the labor market during the Jackson Hole meeting, indicating that recent labor market data supports these worries [1] - There are conflicting signals from the Fed, with some officials more worried about inflation than job losses, creating tension in the market [7] Market Performance - Bitcoin has underperformed for at least three weeks, reflecting a risk-on, risk-off sentiment in the market [2] - The S&P 500 was noted to be 13% above its 200-day moving average, suggesting that the market was overextended [8] - Companies exposed to consumer lending and mortgage servicing are under pressure, indicating potential consumer concerns [6] Stock Analysis - Amazon and Apple have shown negative price action despite positive earnings reports, suggesting a potential reversal in market sentiment [3] - Oracle's stock retracing entirely is seen as significant, indicating broader market implications [3] Investor Behavior - There is a historical tendency for investors to buy the dip, but there are concerns that this trend may not hold in the current market environment [10][13] - The VIX is expected to rise, indicating potential further market volatility and a possible wave of downside [12][14]

a couple of months ago. It shows how much sentiment has shifted with stocks edging towards new highs. Dubravko Lakos JP morgan's head of global market strategy joins us now.It's good to see you. Welcome back. >> Thank you Scott.>> You did raise your target. But it's to 6000 where we're already there. So you think the next six months are going to bring us what.>> Well, look, if you look at the details of our last 2 or 3 reports, we've actually been pushing the bullish tactical trade since the end of April. A ...