Reported 5 months ago
JPMorgan's chief market strategist, Marko Kolanovic, has issued a pessimistic forecast for the S&P 500, predicting a potential 20% drop by the end of the year, with a year-end target of 4,200. Despite recent record highs in the stock market, Kolanovic cited high equity valuations and ongoing concerns about inflation, interest rates, and geopolitical uncertainty as reasons for the negative outlook. Additionally, he expressed skepticism that advancements in artificial intelligence could offset these challenges.
Source: YAHOO