JPMorgan Chase: S&P 500 index will hit new highs again

JSD 8th month 19th day news, recent economic and income data have revitalized the confidence of JPMorgan traders, who believe that the US stock market is expected to Rebound before the end of the year. The team led by Andrew Tyler, the head of US market intelligence, said there are signs that the US economy is still growing, corporate profits are rising positively, and the Fed is entering a track of easing monetary policy. “Although the upside seems weaker than when we took this position earlier this year, there is still substantial upside.” He said that the S&P 500 index is expected to reach a historical high and then perform positively in the fourth quarter.