JP Morgan predicts S&P 500 drop to 4,200 by end-2024

<p>A snippet from JP Morgan's chief global equity strategist, forecasting the US S&amp;P 500
Index to drop to 4,200 by the end of 2024. </p><p>Citing:</p><ul><li>Absent rapid Fed
easing, we expect a more challenging macro backdrop for stocks next
year</li><li>softening consumer trends </li><li>at a time when investor
positioning and sentiment have mostly reversed</li></ul><p>The 4200 target for the end of next year places JPM close to being the most pessimistic of Wall Street analysts. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.