JPMorgan raises S&P 500 target to 7,800 but warns of ‘flash crash’
The AI supercycle and earnings revisions are expected to send the S&P 500 (^GSPC) higher this year, but the path to getting there won’t be a straight line, JPMorgan strategists said. The firm’s mid-year global research outlook report, released on Wednesday, notes that with the United States and Iran working toward a peace deal, “we…