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Express News | JPMorgan : KBW Raises Target Price to $254 From $216
Wall Street bulls forecast: s&p 500 index to rise to 6300 points by the end of the year, bitcoin to break through 0.1 million US dollars
Former JPMorgan chief stock strategist and Fundstrat Capital chief investment officer Tom Lee predicted on Monday that the s&p 500 index will rise to 6,300 points by the end of the year, citing favorable market conditions and historical patterns indicating that stocks will continue to strengthen in December. Lee emphasized historical precedents, saying: "In the first half of election years, when the market rises by more than 10%, there is a 100% chance of an increase in December." He pointed out that the 10-year US Treasury yield fell to 4.1%, creating favorable conditions for multiple expansions. Lee's optimistic view extends to
Express News | jpmorgan: Investors may shift back to china plus-related stocks.