JP Morgan sees S&P 500 rising 8% in 2020 as economy ‘reaccelerates’
Traders work on the floor at the New York Stock Exchange.
Brendan McDermid | ReutersThe record-setting stock market rally will gain steam in 2020 as the stage is set for the global economy to recover, according to J.P. Morgan.
Dubravko Lakos-Bujas, the bank’s chief U.S. equity strategist, set his 2020 price target for the S&P 500 at 3,400, a roughly 8% gain from here. Betting on a limited…
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