I am happy JPM is looking for an upmove in the benchmark US equity index next year, cause right now its on the slide Sunday night in the US:

Yen is higher on the back of the wobbles:

JPMorgan

  • S&P 500 to rise 18 percent by the end of 2019
  • doesn't see a smooth ride
  • anticipation of more volatility along the way

From the firm's monthly asset-allocation report (released Dec. 7)

  • "We maintain a positive stance in equities vs. bonds as our base case is that earnings will continue to positively surprise consensus expectations into 2019"
  • "that markets are in a state of flux at the moment with market illiquidity exacerbating market moves"

more at Bloomberg