Expert Warns S&P 500 Could Plummet 23% by Year-End Despite Record Highs
Friday, 28 June 2024, 15:26
JPMorgan Analyst Predicts S&P 500 Drop
JPMorgan Chase & Co.'s Marko Kolanovic forecasts a 23% decline in the S&P 500 by year-end despite current highs. The prediction is based on factors like a slowing economy and downward earnings revisions.
Expert Analysis on Market Trends
- Warning Sign: S&P 500 facing headwinds
- Economic Challenges: Slowdown impacting market
- Risk Alert: Investors cautioned on potential downturn
Despite current optimism, caution urged for potential market correction.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.