JP Morgan Chase: S&P 5050 points
2022 will be a year of economic recovery and strong cyclical asset performance
Boosted by "strong profit growth" and the relief of supply chain difficulties. It is expected that international stocks, emerging markets and cyclical market sectors will perform significantly. However, in view of expectations of interest rate hikes and a slight tightening of monetary policy, these factors are detrimental to high-value markets such as Nasdaq where technology stocks gather.
In the United States, we favor the beneficiaries of restart and reinflation themes and rising bond yields. The 10-year US Treasury bond yield is expected to rise to 2.25% by the end of next year.
Article excerpted from the US Stock Research Agency
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