I posted yesterday on JPM’s bearish forecast for the US benchmark s&P 500:
JP Morgan predicts S&P 500 drop to 4,200 by end-2024
Just a little extra on this, by way of a Bloomberg report:
- JPM has the gloomiest forecast to this point amongst its friends
JPM citing:
- world progress decelerates
- family financial savings shrink
- geopolitical dangers stay excessive
- nationwide elections together with these within the US that would add to coverage volatility
- “Absent rapid Fed easing, we expect a more challenging macro backdrop for stocks next year with softening consumer trends at a time when investor positioning and sentiment have mostly reversed”
—
Graphic by way of Bloomberg:
This text was written by Eamonn Sheridan at www.forexlive.com.
