JPMorgan Cuts S&P 500 Forecast, Citing ‘Earnings Recession’ RiskBy
Strategist lowers 2016 year-end target to 2,000 from 2,200
U.S. stocks could see two years of flat to negative EPS growth
JPMorgan Chase & Co. cut its forecast for U.S. stocks by 9.1 percent, saying heightened market volatility could damage the broader economy and bring about an earnings recession.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.