Economic outlook deteriorates as growth, inflation slows: Fed's Beige Book
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JPMorgan sees 8% downside risk for S&P 500 next year
November 30, 2023 6:32 AM ESTJPMorgan Chase equity strategists, including Dubravo Lakos-Bujas, continue to stand apart with a notably pessimistic outlook amid a wave of Wall Street strategists forecasting all-time highs for U.S. stocks in the coming year.
JPMorgan predicts the S&P 500 Index will decline to 4,200 by the end of 2024, indicating an approximately 8% drop from its current level.
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