JPMorgan warns S&P 500 could tumble 20% by the end of the year; Jamie Dimon has urged the U.S. to deal with its deficit sooner rather than later

Sharing is Caring!

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.

See also  67% of middle-class Americans struggle with rising costs, creating a "selective recession" per JPMorgan.

See also  The Western Media Being Strangely Quiet About An Incident In Russia That Could Have Sparked A Nuclear Exchange
Views: 86

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.