If one Wall Street titan is right, the U.S. economy return to normal and the stock market could be back to where it was before the crash occurred.
According to JPMorgan Chase, the national economy could restart by mid-spring and the S&P 500 could soar to record levels by early next year.
JPMorgan’s Marko Kolanovic wrote in a research note to clients:
“Over the next 10 days we will get into the month-end rebalancing period, which would prompt significant buying of equities.
The stark underperformance of equities vs. bonds MTD leaves fixed-weight asset allocation portfolios ~4% underweight equities, which suggests they are likely to do a large rotation out of bonds and into equities to rebalance back to target weights.”
Indeed, if the Federal Reserve is pumping trillions of dollars into the market and the federal government is spending $2 trillion (to start), the market better soar to all-time highs again!
It would be an embarrassment if it were anything but.
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