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JPMorgan still thinks the S&P 500 can rally another 12% this year as US consumer spending explodes for these 7 reasons
10 days ago - By Business Insider
Stan Honda/AFP/Getty Images
Even as stocks sit near record highs, JPMorgan strategists see seven drivers lifting the market even further. The bank reiterated its S&P 500 target of 4,400 on Friday, implying a 12% leap through the year. Detailed below are the reasons the bank is still bullish, from strong household saving to a healthier labor market. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Stocks leaped to record highs several times throughout the week. JPMorgan sees a handful of reasons even higher levels are in store. Investors faced a fork in the road...
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