JP Morgan remark on US stock market strength, with the view that stocks will continue to find support from the macroeconomic environment. While there may be short-term volatility their expectations is for stocks to move higher still.
JPM cite:
- US consumer is in a strong position
- some individuals are feeling the effects of accumulated inflation, but overall consumer spending remains solid
- notable surge in credit activity
- lingering demand
- this all could fuel increased business creation, job growth, and housing demand
