Small Correction 'Not Unhealthy' Says JP Morgan's Grace Peters

The S&P 500 was set to slide for a fourth straight session on concerns around the Federal Reserve's policy outlook, artificial intelligence valuations and a selloff in Bitcoin. US stocks have come under pressure this month as investors worried the AI-led rally has run too hot. The S&P 500 is trading at about 22 times forward earnings, above its 10-year average of 19. Concerns are also rising about the economic impact of the longest US government shutdown. Grace Peters, Co-Head of Global Investment Strategy for JP Morgan Private Bank Joined Caroline Hepker and Stephen Carroll to share her thoughts on the market outlook. (Source: Bloomberg)