New York | The S&P 500 Index’s record-setting spree may be stoking concerns about inflated share prices and a revival of meme-stock froth, but JPMorgan Chase & Co’s trading desk isn’t concerned. Rather, it expects the furious rally in US equities to keep going.
“While bullishness is not yet consensus, client conversations reveal that even those that skewed bearish are throwing in the towel,” the bank’s head of global market intelligence Andrew Tyler said on Thursday (Friday AEST) in a note ahead of the market open.
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Bloomberg