Posted 12/4/2023, 9:23:00 PM
JPMorgan Forecasts S&P 500 Could Slide 8% by End of 2024 on Economic Headwinds
- JPMorgan predicts S&P 500 could fall to 4,200 by end of 2024, an 8% drop from current levels
- Cites slowing economic growth, declining household savings, geopolitical turmoil as headwinds
- Expects "more challenging backdrop" for stocks with softening consumer spending
- Benchmark index has seen volatility in 2023 amid interest rate fears
- Forecast more bearish than other Wall Street strategists like Morgan Stanley's Michael Wilson