"Good news is all bad news, JPMorgan traders warn rate cuts could trigger a downturn in US stocks"

The US stock market has been rising all the way, hitting more than 20 historical highs this year, but traders at J.P. Morgan warn that the next move by the Federal Reserve may dampen investors' enthusiasm. The trading desk led by Andrew Tyler said, "The current bull market feels unstoppable, with new support forming as past pillars weaken. But if the Fed cuts interest rates as widely expected on September 17, it could turn into a situation where 'good news is bad news', and investors may choose to withdraw." J.P. Morgan's trading department maintains a tactically bullish stance with lower confidence levels, citing a range of risk factors including inflation, employment, and trade wars. They also point out that retail investors typically reduce their involvement in September, and corporate buybacks of their own stock have also decreased.