Reported 13 days ago
According to JPMorgan Chase & Co.'s trading desk, the stock market is likely to experience a stronger rally heading into the end of 2024, spurred by Donald Trump's recent presidential election victory. The bank's head of U.S. market intelligence, Andrew Tyler, expects returns to surpass those of 2016, fueled by weak growth outside the U.S. and strength in technology stocks. While the S&P 500 index has seen significant gains recently, there are concerns about rising Treasury yields and inflationary policies, which could impact the market's prospects going into next year.
Source: YAHOO