JPMorgan: U.S. Profit "Super Cycle" to Drive Stock Market to New Highs

Odaily Odaily reports that Natalia Lipikhina, Head of European, Middle Eastern, and African Equity Strategy at JPMorgan, stated that the U.S. profit "super cycle" will drive the stock market to new highs, a trend fueled by massive investments from mega-cap companies and advancements in AI agent technology. Lipikhina said, "We have actually just raised our forecast for the S&P 500 index, and we believe earnings growth could reach 20% in 2026." During the current earnings season, the S&P 500's earnings growth has hit its highest level in five years, with the majority of growth still coming from large tech companies. Lipikhina described the recent earnings growth performance as "quite impressive," crediting the technology sector. The bank's upward revision of its earnings forecast reflects confidence that earnings growth will be more durable compared to the general economic cycle. (Jin Shi)