Major US stock indices rose for the second day in a row after 6 trading sessions of continuous decline. Investors were emboldened by the lack of immediate escalation after Israel's strike on Iran, and now the financial reporting season is in focus, Investing.com writes.

However, JPMorgan is warning that the stock market downturn in March is just the beginning, Business Insider reports. According to the bank's strategist Marko Kolanovic, there are a number of unfavorable factors that can increase risks for players.

In particular, the hype around AI is increasing market concentration and, as a result, the likelihood of a reversal. The recent elevated inflation figures in the US should be taken seriously against the backdrop of a resilient labor market. The problem of rising prices is unlikely to disappear anytime soon and the Fed may continue to raise rates. In addition, tensions in the Middle East will continue, as analysts estimate that "red lines have been crossed". All this will encourage investors to move away from risk, the bank warned.