JPMorgan Says Record-Breaking Bull Market Could Run Until 2020
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It looks like the decade-long bull market in U.S. stocks has more room to run, albeit with less vigor.
That’s the latest view from JPMorgan Chase & Co.’s asset management team, which forecasts U.S. equities could continue to gain for 2 1/2 more years as about half of the indicators the bank analyzes suggest that markets are mid-cycle rather than late cycle. The caveat is that “returns, while positive and indicative of a bull market, will likely not be as high or impressive as in the past,” global market strategist Samantha Azzarello said in an email Thursday.