Reported 7 months ago
JPMorgan Asset Management predicts that the strong performance of the US stock market in the first half of 2024 will persist in the latter half, driven by solid earnings, the end of the Federal Reserve's tightening policy, and economic resilience. Although future returns are expected to be more gradual than the rapid rise earlier in the year, the outlook remains positive for equity performance, with emphasis on large-cap shares and a blend of value and growth stocks. Market breadth is improving with a broader earnings recovery lifting shares, although risks posed by artificial intelligence dominance and potential economic slowdowns are noted. JPMorgan's asset management outlook differs from their house Market strategist's bearish view, focusing on the positive impact of economic growth and the end of monetary tightening on US equities.
Source: YAHOO