On March 7th, as the tariff news stirred up financial markets and raised concerns among investors about the outlook for the US economy, JPMorgan strategists warned that their early year forecast for the US stock market’s gains was at risk of falling through. JPMorgan Chase maintains its forecast for the year-end target level of 6500 points for the S&P 500 index, but warns that there is a “significant standard error” in the forecast. This target level means that there is still about 13% upside for the S&P 500 index by the end of the year compared to Thursday’s closing level of 5738.52 points. The S&P 500 index may not reach this level until 2026, “the team led by Dubravko Lakos Bujas said in a report to clients on Thursday. The team pointed out that there is significant fluctuation in economic data, which to some extent indicates a slowdown in economic growth while inflation remains stubborn. It is expected that the short-term fluctuation range of the S&P 500 index will be between 5200-6000 points, and individual stock trends may be highly differentiated.
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