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.