JPMorgan: Red Flags Are Appearing

The stock market has seen strong gains following the election of US President Donald Trump, but “key positive catalysts are behind us now” as “weaker seasonals approach,” a JPMorgan report stated. In a May 2nd (181 page) Cazenove Equity Strategy Note, analysts Mislav Matejka, Emmanuel Cau, Prabhav Bhadani and Aditi Balachandar map out a global investment strategy as “we might be nearing some profit taking.”    Profit taking near? Goldman and JPMorgan agree The great bull market that followed the great recession that followed the global financial crisis is getting long in the tooth. The third-longest expansion in US history…