The market took a breath. Jamie Dimon flagged serious correction risk. Stocks eased from records. Crypto is tugging lower as the dollar gains strength ahead of Powell’s speech.

Jamie Dimon warned that the probability of a U.S. stock market correction is much higher than commonly assumed, he estimates a 30 % chance over the next 6–24 months. He cited mounting geopolitical pressures, fiscal excess, and high valuations as key threats.

After recent record closes, markets shifted tone. The S&P 500 and Nasdaq each slipped ~0.3–0.4%, while the Dow was down roughly 0.4%.
Delta shares jumped on strong Q3 results; PepsiCo also rallied on better than expected earnings. Meanwhile, Tesla slid after news of an investigation into its Full Self-Driving software.

Bitcoin fell more than 1%, dropping below key support levels as the U.S. dollar strengthened. Ethereum and other major altcoins also saw losses.
The retreat came amid heavy ETF inflows in recent days and is fueling fear that sentiment may have become too stretched. Many traders are positioning defensively before Fed Chair Powell’s speech later today.

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Today was a corrective breather in a market that’s been running hot. Dimon’s warning threw shade on complacency. Stocks pulled back, and crypto’s retreat underscores how sensitive markets are ahead of key Fed signals. If Powell leans hawkish, or inflation surprises, this rally could be tested hard.