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JPMorgan Revises Up S&P 500 Target
JPMorgan’s strategists admit they were way too cautious on earnings forecasts, now bumping their S&P 500 target to 7,800 — a 6% jump — fueled by a surge in AI-driven profits and record Q1 earnings growth. But while bullish on the market’s trajectory, they’re warning of speculative frenzy in AI stocks that could trigger a flash crash if sentiment turns. With rising stock issuance and stubbornly high rates on the horizon, they urge investors to balance high-growth AI plays with defensive, low-volatility stocks for a smarter, safer ride. Support the show:Get a discount at…
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