Stocks Have Cleared Two Of Three ‘Key Challenges,’ JPMorgan Says

The good news is, we've cleared two of three key near-term challenges for equities, JPMorgan's Nikolaos Panigirtzoglou says. The bad news is, the third challenge is particularly daunting. Panigirtzoglou describes a trio of hurdles, starting with the September FOMC meeting. Post-Fed risk-off behavior was generally attributed to Jerome Powell's relatively downbeat economic assessment and the absence of new clues as to when the Fed might shift the composition of asset purchases to be "more stimul