JPMorgan Blames Leveraged ETFs for Intensifying Market Sell-Offs
JPMorgan attributes the recent sharp decline in the stock market to a rush by investors to sell levered ETFs, which amplified volatility and accelerated the selloff, with derivatives market dynamics playing a significant role. The market may stabilize if the S&P 500 recovers to around 6,663, restoring positive gamma conditions that promote stability.