Why JPMorgan sees the S&P 500 climbing another 6% before year-end despite Wall Street’s ec …

why jpmorgan sees the sp 500 climbing another 6 before year end despite wall streets economic growth concerns

Sumary of Why JPMorgan sees the S&P 500 climbing another 6% before year-end despite Wall Street’s economic growth concerns:

  • JPMorgan bumped its S&P 500 price target for 2021 to 4,700, from 4,600. The firm remains bullish on the outlook for stocks as many on Wall Street are calling for a correction.
  • Amid a handful of Wall Street firms scaling back their stock market outlooks for the rest of the year, JPMorgan is remaining bullish.
  • JPMorgan explained that the recent economic slowdown seen from the delayed labor market recovery and lower consumer sentiment is merely temporary and driven by the Delta variant.

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