JPMorgan Sees 6,000 S&P 500 as Trade Uncertainties Fade

JPMorgan has issued a bullish forecast for U.S. stocks in the second half of 2025, citing robust earnings growth and a resilient corporate sector amid ongoing trade policy shifts. The firm anticipates the S&P 500 to close near 6,000 by year-end, supported by double-digit earnings growth. This projection is underpinned by the expectation of strong corporate fundamentals, which are projected to reaccelerate to around 12–13% next year.

The global economic outlook remains clouded by uncertainties, particularly from U.S. trade policy. JPMorgan economists note that the U.S. and global economies expanded at a trend-like pace in the first half of the year, but recent developments, including major shifts in U.S. trade policy