Reported about 1 year ago
JPMorgan's chief market strategist, Marko Kolanovic, continues to hold a pessimistic view on the U.S. stock market, reiterating a bearish outlook and advising investors to remain cautious despite the S&P 500 hitting new highs. Kolanovic warns of potential downside risks, including a possible economic slowdown or recession, and highlights that equities are currently trading at record highs while ignoring significant risks. JPMorgan maintains its S&P 500 forecast to end 2024 at 4,200 points, indicating a possible 22% drop from current levels, a level of decline not seen since the 2008 financial crisis.
Source: YAHOO