JP Morgan sees US equities higher still – plenty of supportive macro

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

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