Oh, dear readers, let us delve into the whimsical world of finance, where banking behemoth JPMorgan Chase has declared that the US stock market is not merely content with its current heights but is destined to reach even loftier peaks in the coming months. 🌟
In a recent interview on CNBC Television, the ever-so-charming JPMorgan Asset Management global market strategist, Jordan Jackson, assured us that the United States will not succumb to the dreaded recession in the next 12 months. How delightful! 🎉
Mr. Jackson, with the air of a seasoned prophet, foresees the stock market achieving new all-time highs. One can almost hear the collective gasp of investors everywhere. 🤯
“Markets do appear to be, as we flirt with all-time highs, sort of sanguine over the very, very near term. But that being said, I would say over the next 12 months, I think markets are going to be higher than where they are today, probably meaningfully so.”
And how, pray tell, does he justify such audacious optimism? Why, it’s the resilience of Corporate America, of course! These corporate titans have navigated the tumultuous seas of Trump’s trade policies with the grace of a swan and the tenacity of a bulldog. 🦢🐶
“The word I would describe for the earnings backdrop is ‘resilient.’ Companies came into this period of [uncertainty], really did a lot of cost-cutting measures, whether that would be reducing workforce or putting freezes on hiring, really working with their suppliers to either bear the brunt or have some of their foreign suppliers bear the brunt of higher tariffs.”
“I think when you look at the broader backdrop, you’ve got to look at resiliency in some of the earnings. And I think we’ll see that in some of the tech earnings that we get over the course of [this] week.”
“This question will be is forward guidance. What are they signaling over the next couple of quarters? We continue to hear a more cautious tone from CEOs with the expectation that the economy is going to begin to slow over the second half of this year. So it would be interesting to see what kind of forward guidance we get that informs our earnings expectations for the tail end of this year.”
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2025-07-21 10:22