JPMorgan Predicts S&P 500 Will Rise 10% in the Next 12 Months
Prefer us on GoogleA top strategist at JPMorgan has stated that despite fluctuations in inflation in the United States, this will not prevent the stock market from soaring to new historical highs. The strategist expects the S&P 500 index to rise by approximately 10% over the next 12 months. By mid-next year, this benchmark index is projected to reach around 8,200 points. JPMorgan believes that inflation alone is insufficient to end the long-term upward trend of the stock market. The main foundations supporting the bull market remain solid, with strong economic growth and significant demand for artificial intelligence being key reasons. Gupta anticipates that the U.S. stock market will continue to deliver double-digit returns this year.
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