SPX heading up. Looking for 4400 for Q1 '21
The S&P 500 could soar as much as 25%, to 4,600, in 2021 as the outlook for equities clears after an extended period of elevated risks, JPMorgan said in a note Wednesday.
"We see the S&P 500 reaching 4,000 by early next year," strategists led by Dubravko Lakos-Bujas wrote. "Our base case S&P 500 price target for 2021 is 4,400 with a range of 4,200 to 4,600."
The bank expects that most of the market upside will take place in the first half of the year but said the backdrop should last into the second half when a fuller recovery is priced in.
markets.businessinsi...n-2020-12-1029881540
"We see the S&P 500 reaching 4,000 by early next year," strategists led by Dubravko Lakos-Bujas wrote. "Our base case S&P 500 price target for 2021 is 4,400 with a range of 4,200 to 4,600."
The bank expects that most of the market upside will take place in the first half of the year but said the backdrop should last into the second half when a fuller recovery is priced in.
markets.businessinsi...n-2020-12-1029881540