JP Morgan remark on US stock market strength, with the view that stocks will continue to find support from the macroeconomic environment. While there may be short-term volatility their expectations is for stocks to move higher still.
JPM cite:
US consumer is in a strong positionsome individuals are feeling the effects of accumulated inflation, but overall consumer spending remains solidnotable surge in credit activitylingering demandthis all could fuel increased business creation, job growth, and housing demand
This article was written by Eamonn Sheridan at www.forexlive.com.
