KNOWLEDGE is POWER / REAL NEWS is KEY
New York: Monday, June 17, 2024
© 2024 U-S-NEWS.COM
Online Readers: 311
New York: Monday, June 17, 2024
Online: 341
Join our "Free Speech Social Platform ONGO247.COM" Click Here
Politics: Jp Morgan Issues Stock Market Warning

POLITICS: JP Morgan Issues Stock Market Warning

🔴 Website 👉 https://u-s-news.com/
Telegram 👉 https://t.me/usnewscom_channel

The American Lookout Headlines homepage has 60 new headlines every 24 hours – click here to see it.

Joe Biden is touting gains in the stock market as proof that his policies are working.

JPMorgan analysts fear problems for the stock market might be coming.

JPMorgan’s chief market strategist Marko Kolanovic’s forecast predicts the S&P 500 will be at 4,200 at the end of the year – This is the lowest year-end target for major Wall Street Banks.

Fox Business reported:

The U.S. stock market soared to a new record high over the past week, but there may still be trouble on the horizon, according to JPMorgan analysts.

The forecast from JPMorgan’s chief market strategist Marko Kolanovic is one of the most pessimistic on Wall Street. He and his peers see the S&P 500 ending the year at 4,200 — the lowest year-end target among major Wall Street banks. From current levels, that implies a more than 21% drop.

“With very high equity valuations, we do not see equities as attractive investments at the moment, and we don’t see a reason to change our stance,” Kolanovic wrote in an analyst note this week.

Stocks have notched record highs over the past week, with the Dow Jones Industrial Average topping 40,000 for the first time ever, while the S&P 500 climbed past 5,300.



Source link

OnGo247
New 100% Free
Social Platform
ONGO247.COM
Give it a spin!
Sign Up Today
OnGo247
New 100% Free
Social Platform
ONGO247.COM
Give it a spin!
Sign Up Today