JP Morgan's primary danger for shares this yr (TL;DR, its valuations)

Feedback are through J.P. Morgan Asset Administration.

Whereas the managers stay bullish, and certainly are ‘obese’, on shares they are saying

• Primary danger heading into 2025 valuations
• JPM feels very strongly within the want for earnings to again up valuations
• JPM says they aren’t saying we’re underweight shares as a result of valuations are too costly
• However are emphasising the necessity for robust earnings forward
• “We don’t want a number of growth to get the return this yr, as a result of we predict we are able to get it via earnings.”

The scare in December and early January … is it within the rearview mirror now?

SPX replace earlier:

• S&P can not shut at a brand new excessive. New intraday excessive reached.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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