JPMorgan: America's profit "super cycle" will drive the stock market to new highs

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Golden Finance reports, June 3rd, that Natalia Lipishina, Head of Equity Strategy for Europe, Middle East, and Africa at JPMorgan, stated that the U.S. profit "super cycle" will drive the stock market to new highs, a trend fueled by massive investments in mega-corporations and advances in artificial intelligence proxy technology. Lipishina said, "We have actually just upgraded our expectations for the S&P 500 index, and we believe that earnings growth could reach 20% by 2026." In the current earnings season, the S&P 500's earnings growth 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 as "quite remarkable," with the technology sector playing a significant role. The bank's upward revision of earnings expectations reflects confidence that earnings growth will be more persistent than the typical economic cycle.
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