JPMorgan expects S&P 500 to rise 10%
The renowned investment company JPMorgan Chase believes that in 2022 the potential growth of the S&P 500 will reach 10%, exceeding 5050 points. However, some analysts disagree with this prediction.
Among those positive for the S&P500 index are Royal Bank of Scotland, which also sees growth to 5050 points, Goldman Sachs, predicting the growth to 5100 points, and Bank of Montreal, predicting the increase to 5300 points.
The analysts from Bank of America give negative forecasts, supposing that the index will show slight fall, down to 4,600 points. The experts from Morgan Stanley agree with them, saying that the index will fall by 5% to 4,400 points.
Overall, all experts agree that this year's rapid growth will slow down. The main reason is the sharp increase in profits of companies that have managed to adapt to the pandemic situation and establish imports and exports from China. It is worth noting the work of IT giants in optimizing costs and transferring employees to remote work. In addition, experts anticipate growth in consumer spending, which in the U.S. is already starting to catch up with 2019 levels, more flexibility of central banks to curb inflation, and the tech giants' recovery after the 2020 crisis.