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JPMorgan strategists cut S&P 500 target on Iran war uncertainty
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JPMorgan Chase strategists revised their expectations for the S&P 500 index, lowering the projected value at the end of the year from 7,500 to 7,200 points.
The S&P 500 is under pressure, while JPMorgan is lowering the forecast for the US lead index in the face of geopolitical tensions in the Middle East. The trigger is the escalation in Iran's conflict, which has already led to massive disruptions in global energy supply and rising oil prices. For the markets, this means increasing pressure on profits, inflation and further development. JPMorgan is reducing [...] The post S&P 500 under pressure: JP…
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