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"