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The stock market could surge another 12% through the end of the year as more than $100 billion pours into equities funds, JPMorgan says

1 month ago   |   By Business Insider

A trader works at the New York Stock Exchange NYSE in New York, the United States, on March 9, 2022. Michael Nagle/Xinhua via Getty The stock market could surge another 12% into year-end as technicals turn positive, according to JPMorgan. The bank said more than $100 billion from trend followers are on the verge of pouring into stocks. "Trend following strategies that were largely short equities this year are covering shorts," JPMorgan said. The current rally in the stock market can continue through the end of the year as trend-following strategies start to buy equities, according to a...
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