Stocks are still in 'Goldilocks' after last week's data, says JPMorgan

Investors should remain watchful as the summer comes to a close, according to JPMorgan. The stock market continues to price in a "Goldilocks scenario," even after last week's data, the firm said. The major averages finished last week on a high note , after the latest inflation data suggested higher pricing pressures in some parts of the economy that nevertheless weren't so severe as to take a September rate cut off the table. The consumer price index came in line with expectations, while the producer prices report came in much hotter than expected. The market continues to trouble many on Wall Street, however. On Friday, Fabio Bassi, head of cross-asset strategy at JPMorgan, told investors to brace themselves for incoming volatility, especially if macroeconomic data continues to come in wea