Categories Finance

JP Morgan’s number one risk for stocks this year (TL;DR, its valuations)

Comments are via J.P. Morgan Asset Management.

While the managers remain bullish, and indeed are ‘overweight’, on stocks they say

  • Number one risk heading into 2025 valuations
  • JPM feels very strongly in the need for earnings to back up valuations
  • JPM says they are not saying we’re underweight stocks because valuations are too expensive
  • But are emphasising the need for strong earnings ahead
  • “We don’t need multiple expansion to get the return this year, because we think we can get it through earnings.”

The scare in December and early January … is it in the rearview mirror now?

SPX update earlier:

This article was written by Eamonn Sheridan at www.forexlive.com.

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