J.P. Morgan believes the rally is here to stay and the market could reach the bank's 2020 target this year.
"Looking ahead, given improving trade rhetoric, the market could reach our 2020 midyear price target of 3,200 sooner ," said Dubravko Lakos-Bujas, the firm's chief U.S. equity strategist.
The fourth quarter is seasonally the strongest for equities, delivering 4% return on average historically, according to the bank.Positive signs on the U.S.-China trade talks prompted investors to dive into stocks again, and J.P. Morgan believes the rally is here to stay and the market could reach the bank's 2020 target eight months early.
"The upside should be supported by still very low net positioning across discretionary equity and macro hedge funds, as well as systematic approaches," Lakos-Bujas said. "This catalyst would likely release pent-up demand from businesses and consumers. Even if existing tariffs remain in place and no new tariffs are announced, we would expect fundamentals to improve starting in 4Q," Lakos-Bujas said.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Bill Maher: Hillary and Bill Clinton need to 'go away' ahead of 2020 electionThe political commentator tore into Hillary Clinton's place in the spotlight leading up to the 2020 election.
Lire la suite »
Google’s Pixel Buds 2 Release in 2020: Here’s What They NeedGoogle's Pixel Buds 2 have a good chance at being more successful this time around, but they need to make some improvements.
Lire la suite »
Elizabeth Warren has an elitism problem that could cost her the 2020 electionOpinion: Elizabeth Warren has an elitism problem that could cost her the 2020 election (via latimesopinion)
Lire la suite »