S&P 500 Index: Bulls target 4,500 by end-2021 – JP Morgan

Dhwani Mehta FXStreet

In the view of the analysts at JP Morgan, the US equities, including the S&P 500 index, is poised for additional upside next year, with the 2021 year-end target seen at 4,500.

Key quotes

“Expectations of many key risks subsiding (e.g. US elections, pandemic and vaccine news, etc.) clearing the path to a more positive forward outlook.”

“While there has been some upward pressure on rates, central bank policy continues to be accommodative and a major pillar of support for equity multiples.“

“A 1.5% 10-yr UST yield would make them less comfortable on US stocks.”

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Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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