@taskmaster4450le's thread

JPMorgan Chase: U.S. Stocks Still Have Room to Rise

On June 9, Jack Caffrey of J.P. Morgan Asset Management told Bloomberg that while some signals suggest the U.S. stock market may have become overextended, equities still have upside potential supported by corporate earnings growth. Caffrey added that even as the U.S. economic expansion enters its later stages, corporate profits are projected to rise by 22% or more in 2026. He noted last year’s corporate profit growth landed in the mid-teens, and a similar growth pace is likely to persist in 2027.