---
title: "JPM Trading Desk: \"Pullback May Last Few More Days... And Then GAMETIME: We See SPX 7,000 In November\""
description: "The SPX fell for the third consecutive day, its longest losing streak since late August, leaving the index down 89bp WTD, its worst loss in 8 weeks if the weekly result stands. This, according to JPMo"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/259111937.md"
published_at: "2025-09-26T18:01:03.000Z"
---

# JPM Trading Desk: "Pullback May Last Few More Days... And Then GAMETIME: We See SPX 7,000 In November"

> The SPX fell for the third consecutive day, its longest losing streak since late August, leaving the index down 89bp WTD, its worst loss in 8 weeks if the weekly result stands. This, according to JPMorgan's Market Intel team, appears to be a technically-driven move, potentially a combination of negative seasonality and rebalancing more so than valuation.Here is JPM's Market Intel take on Thursday's solid economic data.

The SPX fell for the third consecutive day, its longest losing streak since late August, leaving the index down 89bp WTD, **its worst loss in 8 weeks if the weekly result stands**. This, according to JPMorgan's Market Intel team, appears to be a technically-driven move, potentially a combination of negative seasonality and rebalancing more so than valuation.

*Here is JPM's Market Intel take on Thursday's solid economic data.*

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.