More on JP Morgan's bear S&P 500 forecast: Global growth deceleration, policy volatility

<p>I posted yesterday on JPM's bearish forecast for the US benchmark s&amp;P 500:</p><p><a href="https://www.forexlive.com/news/jp-morgan-predicts-sp-500-drop-to-4200-by-end-2024-20231130/" target="_blank" rel="follow" data-article-link="true">JP Morgan predicts S&amp;P 500 drop to 4,200 by end-2024</a></p><p>A little more on this, via a Bloomberg report:</p><ul><li>JPM has the gloomiest forecast so far among its peers</li></ul><p>JPM citing:</p><ul><li>global growth decelerates</li><li>household savings shrink</li><li> geopolitical risks remain high</li><li>national elections including those in the US that could add to policy volatility</li><li>"Absent rapid Fed easing, we expect a more challenging macro backdrop for stocks next year with softening consumer trends at a time when investor positioning and sentiment have mostly reversed" </li></ul><p>–</p><p>Graphic via Bloomberg:</p>

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