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JPMorgan’s Kelly Sees Stocks Returning to All-Time Highs in Three Years

  • A rebound is “eminently doable” as the economy cools further
  • Moderating inflation may lower the peak for rates, he says
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JPMorgan Asset Management Chief Global Strategist David Kelly explains his bullish call for US equity markets on “Bloomberg Markets.”Source: Bloomberg

JPMorgan Asset Management’s David Kelly says that stocks could rebound to record highs within the next few years as the economy shows signs of cooling. 

“In order to be a bull on stocks, all you have to believe is that you’ll get there within, say, the next three years,” the chief global strategist said Thursday on Bloomberg Television. “And I think it’s eminently doable.”