JPMorgan maintains the year-end target level of 8000 points for the S&P 500 index, warning of the risk of excessive short selling

JPMorgan Chase reiterated its bullish stance on US stocks, maintaining the year-end target level of 8000 points for the S&P 500 index, and expects earnings per share of its constituent stocks to increase by 29% year-on-year to $350. Mislav Matejka, head of global and European equity strategy at JPMorgan Chase, warns of the risks of blindly bearish views on US stocks until the expansion of US corporate profits is falsified.