The current market situation is such that no one really knows anything. Even the largest US banks and financial institutions do not agree on their estimates. Not at all. Some of them are extremely bearish, some remain relatively neutral and some are strongly bullish. Among these bullish positivists are Fundstrat, BMO and especially JPMorgan, which, led by its top economist, sees the S&P 500 at $4800 by the end of the year!
Since the end of June, the S&P 500 is up almost 10%. And according to JPMorgan, there's still more growth to come.
Wall Street's most vocal financial name and their analysts reiterated their year-end S&P 500 target of 4,800 points. With the index currently at roughly 3,900, JPMorgan' s $JPM target implies a potential upside of just under 20%.
That wouldn't sound so unrealistic. the problem is that most of their Wall Street peers remain plus or minus neutral with their forecasts, or are instead hard…
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