JPMorgan: Inflation Alone Won't Halt the Long-Term Bullish Trend in U.S. Stocks

According to ME News, on August 3 (UTC+8), a top strategist at J.P. Morgan stated that despite the U.S. experiencing an "inflation rollercoaster," this will not prevent stocks from surging to new all-time highs—with the S&P 500 expected to rise approximately 10% over the next 12 months. Kriti Gupta, Executive Director and Global Investment Strategist at J.P. Morgan Private Bank, forecasts that the benchmark index will reach around 8,200 by mid-next year. J.P. Morgan believes that inflation alone is insufficient to end the long-term upward trend in the stock market. Gupta noted that the fundamental pillars supporting the bull market remain strong: one key reason is robust economic growth. Continued expansion of the U.S. economy, even amid persistent inflation concerns, has bolstered confidence among businesses and investors; another major factor is the massive demand for artificial intelligence. Gupta expects U.S. equities to maintain double-digit returns this year. (Source: ODAILY)