As global markets keenly await the US Consumer Price Index (CPI) data for November, analysts from Goldman Sachs (GS) and JP Morgan (JPM) came out with their expectations on how the headline inflation numbers could affect the benchmark US equity index S&P500.
JP Morgan appears more bullish on the S&P 500 as it expects the equity benchmark to rise by 2% to 3% in case the CPI YoY matches market forecasts ranging between 7.2% to 7.4%. That said, the US bank anticipates a rally between 8.0% and 10.0% in case the inflation figure arrives as 6.9% or lower.
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