J.P. Morgan: Inflation alone is insufficient to end the long-term upward trend of the U.S. stock market; the S&P 500 index is expected to rise by approximately 10% within the next 12 months.

A top strategist at JPMorgan stated that despite the "roller coaster of inflation" in the U.S., this will not prevent the stock market from soaring to historic highs, with the S&P 500 expected to rise by approximately 10% over the next 12 months. Kriti Gupta, an Executive Director and Global Market Strategist at JPMorgan Private Bank, anticipates that the benchmark index will reach around 8,200 points by the middle of next year. JPMorgan believes that inflation alone is insufficient to end the long-term upward trend of the stock market. Gupta noted that the main supports for the bull market remain strong: one key reason is robust economic growth. The U.S. economy continues to expand, providing confidence to businesses and investors, even amid inflationary concerns; another major reason is the huge demand for artificial intelligence in the market. Gupta expects that the U.S. stock market will continue to deliver double-digit returns this year.