JPMorgan Predicts Grim Outlook for S&P 500 in 2024
TL;DR Summary
JPMorgan Chase & Co. has released a gloomy forecast for the S&P 500 Index, predicting a drop to 4,200 by the end of 2024, citing global growth deceleration, shrinking household savings, and geopolitical risks. This stands in contrast to other Wall Street strategists who are calling for all-time highs in US stocks. JPMorgan's outlook for this year has fallen short, with US stocks on track for a double-digit annual gain.
- JPMorgan's S&P 500 Outlook for 2024 Is Grimmest on Wall Street Bloomberg
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- JPMorgan sees S&P 500 dropping 8% in 2024 as macro risks build up CNBC
- Stocks will be hostage to earnings delivery in 2024 rather than yields - JPMorgan By Investing.com Investing.com
- JPMorgan strategists see 'challenging' backdrop for US stocks in 2024 Yahoo Finance
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