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JPMorgan Bullish on Market Despite ’Exuberance’, Eyes Tech and Financial Stocks
JPMorgan Bullish on Market Despite ’Exuberance’, Eyes Tech and Financial Stocks
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BTCCSquare news:
Markets enter September on solid footing, with the S&P 500 up 10% year-to-date after four consecutive monthly gains. Robust Q2 earnings, Optimism for a Fed rate cut, and AI-driven capital spending underpin the rally.
JPMorgan strategists acknowledge unusual market exuberance but deem it rational, projecting high single-digit returns for the S&P 500 over the next 12 months. Financials, utilities, and technology sectors are expected to outperform, fueled by AI investments and capital expenditures.
The bank highlights two undisclosed stocks as prime buying opportunities, leveraging TipRanks data for selection. Tech remains a focal point, with AI and infrastructure spending driving continued upside.
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