JPMorgan warns investors not to 'overstay welcome,' says market bounce will 'peter out' soon

A person walks at the Wall Street subway stop in New York City.
Angela Weiss | AFP | Getty Images

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The recent rally for value and cyclical stocks has a short runway, and investors should be ready to jump off soon, according to a new note from JPMorgan.

Last week was the best week for the Dow Jones Industrial Average in more than a month, as it gained 3.29%. Some of the strongest sectors were cyclical sectors such as autos, travel and construction, and rising oil prices also spurred a strong week for energy stocks. Stocks were up again big on Tuesday.