Banking titan JPMorgan Chase reportedly believes that fresh record highs are in sight for the S&P 500. The firm’s trading desk says that it’s “time to get bulled up again” following the de-escalation of the conflict between Israel and Iran, reports CNBC. America’s largest bank says fading geopolitical risks are enabling investors to shift their attention back to market fundamentals. “With Israel/Iran seemingly defused, the market is resuming its march to/through all-time highs… With this geopolitical risk behind us, the market is refocusing on the macro picture, preparing for earnings, and watching the looming deadline on the expiration of the tariff moratorium. We shift our view back to Tactically Bullish with the bullish hypothesis based on resilient macro data, positive EPS (earnings per share) growth and thawing trade war rhetoric.” Meanwhile, Morgan Stanley is keeping a close watch on one group of stocks that it thinks will make an epic comeback in the coming months. In a new Bloomberg Television interview, Morgan Stanley Investment Management senior portfolio manager Andrew Slimmon says that the Magnificent 7 stocks, which dominate the cap-weighted S&P 500, will likely soar next year as they start to see their investments in artificial intelligence pay off. “I hear all the time: US exceptionalism is over. That’s the argument for outside the US. I get that. But I think what’s really going on here is that the very large, the Magnificent Seven, they’re spending a lot of money on capex (capital expenditures) rollout, and they’re telling us, ‘Don’t worry, this will all pay off down the road.’ Well, I wouldn’t bet against these guys, but right now their return on invested capital has come down a little bit. So I could see a scenario where you get to the end of the year, the rest of the world has done better than the S&P and the 493 has done better than the cap-weighted, and everyone said, ‘Oh, it’s all over, US exceptionalism is all over.’ And guess what? All these companies that start to employ AI are going to use these services, and you’re going to see the S&P cap-weighted come roaring back next year.” The Mag 7 is made up of Apple, Nvidia, Microsoft, Tesla, Alphabet, Amazon and Meta. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post JPMorgan Chase Tells Traders It’s Time To Get Bullish As Morgan Stanley Predicts Roaring Comeback for One S&P 500 Sector: Report appeared first on The Daily Hodl .
