Brace For 'More Frequent Market Tantrums'; JPMorgan Global Market Strategist Warns

Market heads should brace for more frequent market tantrums as semiconductor swings widen, according to a JPMorgan Global Markets team led by Nikolaos Panigirtzoglou. The strategists observe that a rebound in chip stocks to record highs this week has been accompanied by rising volatility, raising the possibility of VaR shocks for portfolios. They argue that such dynamics reflect a broader recalibration of risk in tech-centered markets rather than a one-off event. Panigirtzoglou's note flags that the combination of higher prices and greater volatility could force traders to adjust risk budgets and reduce chip-heavy exposures.