JPMorgan predicts record high of S&P 500

Analysts at JPMorgan investment bank are confident that the S&P 500 index will achieve new record figures. 

They believe that since investors are not in a hurry to invest all their funds yet, the probability of a technical correction in the market is low. And strong economic growth, despite predictions of a possible recession, and an increase in income should lift the index to record highs.

The S&P 500 successfully launched in the first half of 2023, and there is reason to believe that its growth will continue. This is mainly due to optimistic data on the development of the economy and a decrease in inflation. 

«When we turn the page to August, we see that the market is becoming bullish before the resumption of the uptrend,» the experts note says.

Last Tuesday, the S&P 500 closed at 4,576.73 points, less than 5% below its record closing level of 4,796.56 points recorded in January 2022. Further growth of the stock market can be stimulated by incoming statistical data confirming economic growth and an increase in corporate income.