Why JPMorgan Private Bank says the S&P 500 will surge 10% in a year despite looming inflation shocks
Spencer Platt/Getty Images JPMorgan Private Bank sees a series of inflation shocks, but says stocks should push higher anyway. Higher rates won't deter the bull market if the growth & hiring remain resilient, the firm said. The bank expects the S&P 500 to hit 8,200 by mid-2027, implying a 10% increase in the next 12 months. The US is getting on an inflation roller coaster ride , but that won't stop the stock market from surging to records, a top JPMorgan strategist says. Kriti Gupta, an executive director and global investment strategist at JPMorgan Private Bank, predicts the S&P 500 will rise by more than 10% over the next 12 months, with the benchmark index landing around 8,200 by the middle of next year. That's despite the firm's broader view that the US is headed for a series of inflation shocks — bursts of pricing pressures that could mirror the inflation crisis in the 1970s , when consumer prices whipsawed in the middle of the decade and into the earl...
