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- The stock market isn't going to recover from its recent rout soon as three headwinds remain, according to JPMorgan.
- The bank highlighted that valuations are still too high, and interest rates are too restrictive.
- Investors have entered "extreme fear" mode as interest rates surge to a new cycle-high.
Pain in the stock market is unlikely to end anytime soon as investors grapple with three ongoing headwinds, according to a Wednesday note from JPMorgan.
The bank highlighted that as bond yields surge to levels not seen since 2007, it will be difficult for stocks to mount a recovery in an environment that has parallels to 2008.