JPMorgan Most Bullish on U.S. Stocks in 2017 Thanks to Reflationary Trump and Dovish Yellen
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Photographer: Michael Nagle/Bloomberg
The pro-growth proclivities of the Trump administration and continued accommodative monetary policy will propel the S&P 500 index to fresh records in 2017, according to JPMorgan Chase & Co. strategists including Dubravko Lakos-Bujas and Marko “Gandalf” Kolanovic.
“Equity upside will be closely linked to improving earnings delivery,” they write. “Prospects of expansionary fiscal policies under a relatively easy monetary backdrop are likely to help support further re-rating of the equity multiple.”
JPMorgan is calling for the S&P 500 index to end next year at 2,400, which represents upside of 9 percent. That matches Societe General SA’s forecast for next year as the highest on the Street…
JPMorgan Most Bullish on U.S. Stocks in 2017 Thanks to Reflationary Trump and Dovish Yellen
