JPMorgan’s Lebovitz Sees 5,100 as Possible S&P 500 Entry Point

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JPMorgan Asset Management’s David Lebovitz says stocks have hit dip-buying territory, based on his view that the US will still dodge a tariff-induced recession.

Lebovitz, who helps shape the allocation priorities of the $3.6 trillion money manager, has been waiting for the S&P 500 to hit the 5,100 level — which it broke below on Friday afternoon.