Reported 1 day ago
JPMorgan Chase & Co. forecasts that the S&P 500 Index could rise to between 6,200 and 6,300 by the end of December, indicating a potential increase of 3% to 4% from its recent close. Driven by a favorable macro environment, strong earnings growth, and supportive Federal Reserve policies, the trading desk's analysis suggests a continued bullish sentiment in the market, particularly toward value and cyclical sectors. Furthermore, major banks project optimism for 2025, anticipating even higher levels for the index.
Source: YAHOO