economy

Here's the case for 9,000 on the S&P 500 by the middle of next year, according to JPMorgan

Higher productivity could be even more supportive of the stock market than previously thought.

Here's the case for 9,000 on the S&P 500 by the middle of next year, according to JPMorgan

TL;DR

  • JPMorgan Private Bank projects a potential S&P 500 target of 9,000 by mid-2025.
  • This optimistic scenario hinges on artificial intelligence driving significant productivity increases across all economic sectors.
  • Recent earnings reports indicate AI is beginning to unlock productivity gains for businesses.
  • The stock market has achieved six consecutive quarters of double-digit earnings growth, a rare occurrence not seen since after the 2008 financial crisis.
  • While consolidation is expected by some, JPMorgan believes fundamental factors support continued market gains, similar to the 1990s boom fueled by productivity growth.

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