A snippet from JP Morgan’s chief world fairness strategist, forecasting the US S&P 500
Index to drop to 4,200 by the tip of 2024.
Citing:
- Absent speedy Fed
easing, we anticipate a tougher macro backdrop for shares subsequent
yr - softening client traits
- at a time when investor
positioning and sentiment have principally reversed
The 4200 goal for the tip of subsequent yr locations JPM near being probably the most pessimistic of Wall Road analysts.
This text was written by Eamonn Sheridan at www.forexlive.com.
