JPMorgan's S&P target is 4500 (year-end 2021)

Author: Eamonn Sheridan | Category: News

A quickie from a JPM note on the US equities.

Looking for much greater gains, citing:
  • Expectations of many key risks subsiding (e.g. U.S. elections, pandemic and vaccine news, etc.) clearing the path to a more positive forward outlook”
  • While there has been some upward pressure on rates, central bank policy continues to be accommodative and a major pillar of support for equity multiples. 
JPM are wary on a rise in yields though, saying a 1.5% 10-yr UST yield would make them less comfortable on US stocks.

For bank trade ideas, check out eFX Plus
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose