At 3,100 points, S & P 500 “sees” in 2019, JPMorgan
The 3,100 units will close next year the S & P 500 barometer, according to ignore the fake news about markets is impressive.
“The media, the internal political opposition and foreign geopolitical rivals welcomed the instability that has been created in external relations,
the business community and the financial markets.
We hope that some of these negative impacts could be reversed, based on the recent progress made in the G20.
The trade resolution could provide a very necessary boost to equities in 2019, “he said.
At the same time, the analyst does not share the concern about an imminent US recession in 2019, considering that “the economic cycle is not yet complete”.
As a result, the US bank maintains the “overweight” for Wall Street, as well as the “underweight” in bonds.
In terms of earnings per share (EPS) for the S & P 500, it expects an increase of 8% next year, while the average CBOE Volatility Index (VIX) will be 15-16.
Analytically, the charts and estimates of other banks: