A looming threat of stagflation could prove detrimental to the US stock market, according to JPMorgan. What Happened: The financial giant has expressed concerns about a potential economic scenario reminiscent of the 1970s. Stagflation, characterized by low growth and high inflation, could lead investors to prefer bonds over stocks, reported Business Insider. JPMorgan’s note highlighted, “Equities were flat from 1967 to 1980, and with yields averaging above 7%, bonds significantly outperformed stocks.” An uptick in yields from options like private credit could have a dramatic effect on long-ter…

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