JPMorgans Erdoes: Market Correction Wont Be 10%
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Business
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University
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Practice Problem
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Hard
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Erdoes Erdos, CEO of JP Morgan Asset Management, predicts that the market will not see a 10% correction. Instead, she suggests that stocks will either fall slightly or significantly, with no middle ground. She foresees a 2% correction with cash inflow or a severe correction worse than 10%. Currently, the S&P has dropped nearly 6% from its peak last month.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
According to the CEO, what are the two possible outcomes for the stock market?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What has been the percentage fall of the S&P from its peak last month?
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