A top strategist at J.P. Morgan said that although the US is experiencing an “inflationary roller coaster,” this will not stop the stock market from soaring to a record high — the S&P 500 will still rise by about 10% over the next 12 months. Kriti Gupta, executive director of J.P. Morgan Private Bank and global investment strategist, expects the benchmark index to reach around 8,200 points by mid-next year. J.P. Morgan believes that inflation alone will not be enough to end the long-term upward trend in the stock market. Gupta said that the main foundation supporting the bull market remains solid: one important reason is strong economic growth. The continued expansion of the US economy has brought confidence to businesses and investors, even if inflation remains a concern; another major reason is the huge demand for artificial intelligence in the market. Gupta predicts that the US stock market will continue to maintain double-digit returns this year.

A top strategist at J.P. Morgan said that although the US is experiencing an “inflationary roller coaster,” this will not stop the stock market from soaring to a record high — the S&P 500 will still rise by about 10% over the next 12 months. Kriti Gupta, executive director of J.P. Morgan Private Bank and global investment strategist, expects the benchmark index to reach around 8,200 points by mid-next year. J.P. Morgan believes that inflation alone will not be enough to end the long-term upward trend in the stock market. Gupta said that the main foundation supporting the bull market remains solid: one important reason is strong economic growth. The continued expansion of the US economy has brought confidence to businesses and investors, even if inflation remains a concern; another major reason is the huge demand for artificial intelligence in the market. Gupta predicts that the US stock market will continue to maintain double-digit returns this year.