JP Morgan has made a 180-degree turn in its view of the stock market, now believing it will rise slightly in 2025

JP Morgan is the latest Wall Street firm to reverse its stance on the U.S. stock market. Despite the ongoing uncertainty surrounding President Trump's trade policies, the stock market continues to rise, and JP Morgan has raised its target for the S&P 500 index. The bank's chief equity strategist, Dubravko Lakos-Bujas, had previously predicted in April during the tariff fluctuations that the U.S. benchmark index would reach 5,200 points by the end of 2025. However, he now expects the index to reach 6,000 points by the end of 2025, an increase of less than 1% from the S&P 500's closing price on Thursday, following a double-digit rebound since the index's low on April 8. Nevertheless, this is still quite optimistic compared to his previous expectations