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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 7 February: ASX sheds 0.5pc | CBA lifts cash rate forecast to 3.85pc; ARB dives | Australia’s rental market is as tough as it has ever been |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 07 FEBRUARY: US stocks extend losses | RBA poised to lift rates by 0.25pc | Will Newmont’s $24 billion Newcrest bid cause a gold takeover cascade? |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 6 February: ASX drops 0.25pc | UBS remains dovish on RBA | Gascoyne Resources releases exploration target |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 06 FEBRUARY: ASX to rise as investors hang hopes on a soft landing | After a successful $4.5 million cap raise and with cancer trial results to come, Kazia is optimistic for 2023 |

    From the Desk of Wyckoff Trader:

    From the Desk of Wyckoff Trader:

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 03 FEBRUARY: ASX to rise | Alphabet, Atlassian tumble on earnings | Aura gets 30-year guarantee for Mauritania uranium project |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 31 January: ASX swings to loss | Retail sales plummet; Megaport sheds 25pc | Avecho Biotechnology progresses CBD softgel trials for insomnia treatment |

    From the Desk of Wyckoff Trader:

    From the Desk of Wyckoff Trader:

    From the Desk of Wyckoff Trader:

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  • Charts
    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 7 February: ASX sheds 0.5pc | CBA lifts cash rate forecast to 3.85pc; ARB dives | Australia’s rental market is as tough as it has ever been |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 07 FEBRUARY: US stocks extend losses | RBA poised to lift rates by 0.25pc | Will Newmont’s $24 billion Newcrest bid cause a gold takeover cascade? |

    $ up, cotton down, easy money.

    Jason Sen: Forex

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 6 February: ASX drops 0.25pc | UBS remains dovish on RBA | Gascoyne Resources releases exploration target |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 06 FEBRUARY: ASX to rise as investors hang hopes on a soft landing | After a successful $4.5 million cap raise and with cancer trial results to come, Kazia is optimistic for 2023 |

    Dollar dipsey doodle at 10150.

    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 03 FEBRUARY: ASX to rise | Alphabet, Atlassian tumble on earnings | Aura gets 30-year guarantee for Mauritania uranium project |

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    Danny’s View:  Markets Shrug Off Fed Worries

    Danny’s View: Markets Shrug Off Fed Worries

    Danny’s View:  All About What The Fed Says (Not What It Does)

    Danny’s View: All About What The Fed Says (Not What It Does)

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    Taylor 3 Day Cycle – Polaris Trading Group

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Home Commentary

Where is the Stock Market Headed? S&P Target 4000? Here’s what JP Morgan Has to Say.

Jake Stokely by Jake Stokely
March 3, 2021
in Commentary, E-mini S&P 500, Economy, Forecast, S&P 500
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Where is the Stock Market Headed? S&P Target 4000? Here’s what JP Morgan Has to Say.
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This is a note published by the bank’s chief economist Michael Feroli explaining JPM’s top 10 takeaways in response to client questions “Where are markets headed as bond yields rise?”  – Image Via ZeroHedge

JP Morgan Looking at the economy newsletter

My view on the “key takeaways” shared by our good friends at JP Morgan:

According to JPM are supposed to expect “the strongest performance since the early 1980’s,” an S&P target of 4,000 in the next few weeks, 4,400 later this year, and COVID 19 recovery strength in consumer discretionary. During the same time time preparing for “longer term damage from the pandemic similar to the Global Financial Crisis,” and base metal inventories much leaner than normal following a recession. Add to that ignoring the treasury sell off from last week because it was just “compromised market microstructure and fragile liquidity,” no big deal.

So…which one is it? A booming economy the likes of which we haven’t seen in 40 years (as if the previous 11 months wasn’t amazing enough), or a slowdown of potential growth for the NEXT DECADE! Ask yourself, “Why are base metal inventories currently leaner than usual “AFTER a recession?” The reason is hidden in the exact same release above. The recession isn’t over. We have to look forward to a decade of low potential growth. By the way, JPM is OVERWEIGHT commodities, especially gold, silver, etc.

There have been a lot of bears coming out of the woodwork lately, but it should be noted that S&P 4,000 and 4,400 are not unrealistic upside targets, 4k is just a stone’s throw away. COVID reopening plays would provide a giant confidence boost especially for the retail market. By the way, Texas and Mississippi announced on Tuesday the plan to lift mask mandates and allow all businesses to open at 100% capacity. The dollar index has found a bottom for now as it bounces in a holding pattern awaiting the new round of stimulus (March 14 says JPM). I guess the moral of the story is enjoy it while it lasts. and load up on physical gold and silver now before the reality of the demand vs supply imbalance starts to reflect in the price.

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