While US stocks may pull back in coming weeks amid concern over Federal Reserve policy, the S&P 500 will reassert itself around September before climbing to an all-time high, according to JPMorgan Chase & Co.’s trading desk.
“Better econ growth with better earnings and visibility to the end of a hiking cycle should be supportive of stocks,” the team including Andrew Tyler wrote in a note Monday. “Taking out the ATH high feels inevitable, just a matter of timing.”
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