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

Odaily Odaily reported that Natalia Lipishina, head of European, Middle Eastern and African equity strategy at JPMorgan Chase, 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 advances in AI agent technology. Lipishina said: "We have actually just raised our forecast for the S&P 500 index, and we believe earnings growth could reach 20% in 2026." In the current earnings season, the earnings growth of the S&P 500 index has reached its highest level in five years, with most of the growth still coming from large technology companies. Lipishina described the recent earnings growth performance as "quite remarkable," with the technology industry playing a significant role. The bank's upward revision to its earnings forecast reflects its confidence that earnings growth will be more durable than the typical economic cycle. (Jin Shi)