Specialist Sales US Specialist Sales 09 June 2026 J P M O R G A N JPM | US MACRO THEMATICS - Same Move, Different Day Marissa Gitler +1 212 622 2934 Marissa.gitler@jpmchase.com US Thematics focuses on key macro views, market debates, and favored investment themes. Bottom Line: Tuesday's session reinforced that recent equity volatility is best understood as a crowded-leadership unwind, not deteriorating macro fundamentals. Key near-term vulnerability remains in fragile equity microstructure (lower gamma supp ...