JPMorgan strategist sees S&P 500 rising about 10% over next 12 months
A top JPMorgan strategist said that although the United States is experiencing an “inflation roller coaster,” it will not prevent stocks from surging to record highs. The S&P 500 is still expected to rise about 10% over the next 12 months. Kriti Gupta, an executive director and global investment strategist at JPMorgan Private Bank, expects the benchmark index to reach around 8,200 points by the middle of next year. JPMorgan believes inflation alone is not enough to end the stock market’s long-term upward momentum. Gupta said the main foundations supporting the bull market remain solid. One important factor is strong economic growth. The U.S. economy continues to expand, giving businesses and investors confidence even as inflation remains a concern. Another major factor is strong market demand for artificial intelligence. Gupta expects U.S. stocks to continue delivering double-digit returns this year.
Kriti Gupta, an executive director and global investment strategist at JPMorgan Private Bank, expects the benchmark index to reach around 8,200 points by the middle of next year.
JPMorgan believes inflation alone is not enough to end the stock market’s long-term upward momentum. Gupta said the main foundations supporting the bull market remain solid.
One important factor is strong economic growth. The U.S. economy continues to expand, giving businesses and investors confidence even as inflation remains a concern. Another major factor is strong market demand for artificial intelligence.
Gupta expects U.S. stocks to continue delivering double-digit returns this year.