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A historically strong start to the year for the US stock market should continue into the second half of 2024, according to JPMorgan Chase & Co.’s asset management division.
While the move may look more like a grind than a rocket ride after the S&P 500 Index’s double-digit return since January, solid earnings, the end of the Federal Reserve’s monetary-tightening campaign and economic strength will continue to lift US equities in the coming months, strategists at the firm led by David Kelly wrote in their mid-year outlook report.
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