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JPMorgan Bullish on S&P 500 Despite Economic Slowdown Concerns
JPMorgan Bullish on S&P 500 Despite Economic Slowdown Concerns
20
2
BTCCSquare news:
JPMorgan remains optimistic about U.S. stocks, forecasting a high single-digit return for the S&P 500 over the next 12 months. The bank cites resilient corporate earnings and market indifference to economic slowdown signs as key drivers. Despite tariff-related growth forecast downgrades, the index has surged 28% since April.
Corporate earnings are defying macroeconomic warnings, with 82% of S&P 500 companies beating Q2 profit expectations—the strongest performance since 2021. This earnings resilience forms the Core of JPMorgan's bullish stance, even as labor market softness and inflationary pressures persist.
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