JPMORGAN WAR RISKS SIGNAL 10% S&P 500 DROP Andrew Tyler warns that the S&P 500 could fall 10% from its peak as the Iran conflict pushes oil above $100 and energy supply risks rise. Investors are underprepared, with positioning largely neutral, while energy stocks were recently sold on the expectation of de-escalation. Tyler notes the tactical bearish call would end if the conflict is resolved, as macro fundamentals remain supportive.(*Walter Bloomberg)