Dear Traders,
JPMorgan Forecast: S&P 500 Index Prepares for a New Record!
JPMorgan anticipates that the S&P 500 index will set a new record next year as the US Federal Reserve is likely to cease interest rate hikes and shift towards easing monetary policy, as reported by Business Insider.
JPMorgan strategist AJ Oden believes the index will reach a new high of 4800 points by mid-2024. Last week, on Friday, the S&P 500 index closed at 4558 points.
JPMorgan’s predictions differ from the more negative expectations of other experts who claim that a recession in the US is inevitable due to potential inflation growth, while the Federal Reserve continues to maintain high interest rates.
Chief Investment Officer of Morgan Stanley, Mike Wilson, and UBS Equity Strategist, Sean Simonds, suggest that the S&P 500 index could drop to 3900 points by the end of 2023.
Most of our traders align with the latter view, preferring short positions. What scenario do you envision?
It’s worth noting that #SP500 brought the highest gross profit to our clients among all indices this year! The most profitable trade resulted in a +26,400$ gain.
Stay informed and maximize your benefits with the best trading conditions — with a 1:2000 leverage, it requires just $2 to open a 0.01 lot trade on #SP500!
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Enjoy trading in the world of financial investments!
