Wall Street's most pessimistic forecast is out! JPMorgan Chase predicts that the S&P 500 will fall to 4,200 points next year.

Zhitong
2023.11.30 01:46
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Wall Street's most pessimistic forecast is out! JPMorgan Chase predicts that the S&P 500 index will fall to 4,200 points next year, a decrease of about 8% from current levels. JPMorgan Chase states that factors such as global economic slowdown, reduced household savings, and geopolitical risks may exacerbate policy volatility and pose challenges to the stock market. However, other institutions generally predict that the S&P 500 index will reach new historical highs. JPMorgan Chase's forecast is the lowest among Wall Street tracking institutions. Currently, the S&P 500 index has surged nearly 19%, driven by strong economic data and a rebound in corporate profits. JPMorgan Chase's forecast has attracted widespread attention.