JP Morgan

JP Morgan released predictions for the end of the year and says that we can expect a rise of the S&P500 to 6300. Which means another 4 % rise on top of the 28 % we already have year to date. This year is the best year for the index since 1997!

And JP Morgan will probably be correct, as the VIX index is at an extremely low. The VIX being so low means there is a lot of confidence in the markets. So, nothing really stands in the way of another great run for the markets.

360 turn

In the end of 2023 JP Morgan predicted a very bad year. They were very bearish for the markets as one of the only big financial institutions. Most other financial institutions were much more bullish about 2024. So JP Morgan really was completely wrong with their prediction. So, this prediction needs to be taken with a scoop of salt. It is very likely, but they have been wrong a lot in the past.

Do your own research and don’t just take JP Morgan for granted!

Sincerely,

Pele23

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