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Retail investors have suddenly got more cautious in using options and margins. That may spell trouble for tech, says JPMorgan.

MarketWatch · Jun 25, 2026, 9:41 AM · Also reported by 1 other source

JPMorgan’s research suggests retail investors are becoming more cautious about levrerage after the market’s recent rally and this may spell trouble for the tech sector in which they have mostly focused.

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Retail investors have suddenly got more cautious in using options and margins. That may spell trouble for tech, says JPMorgan.

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