JPMorgan Says Equities to Get a $1.1 Trillion Boost Next Year
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Those with a bullish outlook for stocks in 2021 are set to get another uplift: more demand and less supply to the tune of $1.1 trillion.
That’s the conclusion of global market strategists at JPMorgan Chase & Co. as they expect a rise in equity demand of about $600 billion relative to this year. Meanwhile, supply will drop by $500 billion, returning to the very low levels of 2016 to 2018, the strategists led by Nikolaos Panigirtzoglou wrote in a note.