JPMorgan strategists predict that corporate earnings may not drive equities higher due to existing optimism after this year's rally.

JPMorgan strategists predict that corporate earnings may not drive equities higher due to existing optimism after this year's record-breaking rally. First-quarter profit estimates have been lowered, and S&P 500 earnings are projected to decline without tech giants. Investor positioning is seen as "very stretched" with record highs, suggesting investors are more optimistic than sell-side analysts.

April 15, 2024
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