JPMorgan predicts bleak S&P 500 outlook for 2024

Despite a bullish tone from Wall Street investors, JPMorgan (JPM) strategists predict an 8% decline for the S&P 500 (^GSPC) index in 2024, closing with a year-end target of 4,200. The Wall Street institution forecasts disinflationary headwinds, softened consumer trends, and declining earnings to weigh on stocks in the year ahead.
Yahoo Finance's Madison Mills examines JPMorgan's gloomy stock market prediction, providing insights into why it sees slowing growth affecting market and business performances, contrary to positive S&P forecasts from other strategists.
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[chadgriffith]

80% equities 20% cash. I plan to take advantage of the s&p 500 as leading indicators predict above 10% rise by next year, my only issue is how to properly allocate a large stock/bond portfolio for substantial gains at minimum risk.

[xthekingsguard]

Thank you Yahoo Finance for always being here for us on YouTube ❤💜

[twscho]

Jamie Diamond always lies so it will be the opposite outcome.

[everyreadthis]

They have access to huge market share of deposit accounts and wealth management. If you’re going to listen to someone, Jamie is the one person. JPMC can see the money trends and can forecast accordingly.

[luckyskivvy]

Learn technical analysis and market cycle. The news have to wait for the analyst's data. The analysts have to wait for economic data. The economists have to wait for raw data. 😂 You waiting weeks and months for the "pros" to confirm good or bad news. By that time you missed the move.