Investors' pessimism may have peaked after last week's sharp decline, and the sell-off was seen as a round of deleveraging, according to a J.P. Morgan strategist. The J.P. Morgan team remains optimistic and sees the midterm elections as a clean-up event. It is expected that the resistance faced by the data center will be weaker than the level of concern, and maintain the judgment that the S&P 500 index has a target of 8,000 points at the end of the year. According to the strategist mentioned above, the economic cycle is currently at a stage where profit expectations are being revised to positive, and high double-digit growth is expected to continue until 2027 and 2028.
Zhitongcaijing · 1d ago
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Investors' pessimism may have peaked after last week's sharp decline, and the sell-off was seen as a round of deleveraging, according to a J.P. Morgan strategist. The J.P. Morgan team remains optimistic and sees the midterm elections as a clean-up event. It is expected that the resistance faced by the data center will be weaker than the level of concern, and maintain the judgment that the S&P 500 index has a target of 8,000 points at the end of the year. According to the strategist mentioned above, the economic cycle is currently at a stage where profit expectations are being revised to positive, and high double-digit growth is expected to continue until 2027 and 2028.
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