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JPMorgan Bullish on S&P 500 Despite Economic Slowdown Signals
JPMorgan Bullish on S&P 500 Despite Economic Slowdown Signals
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BTCCSquare news:
JPMorgan maintains a bullish stance on U.S. equities, forecasting high single-digit returns for the S&P 500 over the next year. The Optimism stems from resilient corporate earnings and market indifference to macroeconomic headwinds. Despite tariff-related growth downgrades and soft labor data, the index has surged 28% since April.
Corporate performance remains robust, with 82% of S&P 500 companies exceeding Q2 earnings expectations—the strongest showing since 2021. This earnings resilience forms the Core of JPMorgan's thesis, overshadowing concerns about manufacturing inflation and slowing consumption.
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