Even as stocks are pricey, a strategist at the firm said the U.S.'s premium to the rest of the world is 'likely justified.'
Wednesday marked a losing session on Wall Street, with the S&P 500 snapping its three-day win streak, as did the Nasdaq Composite.
If the U.S.-China talks go well, there's a chance the S&P 500, only around 2% off its February high, could reach a new peak, according to JPMorgan.
If the U.S.-China talks go well, there's a chance the S&P 500, only around 2% off its February high, could reach a new peak, according to JPMorgan.
The S&P 500 is within striking distance of its February highs, with inflation data and potential progress in U.S.-China trade talks just ahead.
Citigroup raised its year-end target for the broad measure of the entire U.S. stock market, the S&P 500 index.
Mike Santoli handicaps the state of the market after one of the swiftest comebacks in history.
Investors were left disappointed after the S&P Dow Jones Indices said Friday the S&P 500 would remain unchanged.
Head of global markets strategy Dubravko Lakos-Bujas' updated year-end S&P 500 price target suggests just a 1% increase.
The major Wall Street indexes are sitting on modest gains this week with one trading session to go.