Jpmorgan Gives Bullish 2026 Outlook Why It Thinks S P 500 8 000 Cnbc

Bonisiwe Shabane

-Dec 2, 2025, 11:16 PM

jpmorgan gives bullish 2026 outlook why it thinks s p 500 8 000 cnbc

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A Versant Media Company. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. JPMorgan just shocked Wall Street with a bold call: the S&P 500 could surge past 8,000 in 2026 if the Fed keeps cutting rates. After a 15% gain in 2025, is this the start of the next leg up—or just wishful thinking? What they're buying inside...

Financial market analysis from 26/11/2025. Market conditions may have changed since publication. Have you ever had that moment when a major Wall Street firm drops a forecast so optimistic it almost feels too good to be true? That’s exactly what happened this week when one of the biggest names in banking laid out a vision for the stock market that left a lot of investors doing double-takes. We’re talking about a scenario where the S&P 500 doesn’t just keep climbing—it potentially rockets to levels that would make even the most seasoned traders blink. And honestly, after everything we’ve seen in recent years, I’m not entirely shocked.

But let’s dig into why this call feels different from the usual year-end predictions. Picture this: it’s late November, markets have already had a solid run this year, and then comes the note that changes the conversation. The base case isn’t some modest single-digit gain. No, they’re looking at potentially double-digit returns taking the major index to fresh all-time highs well into next year and beyond. (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates.

(Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates. Every time Joe publishes a story, you’ll get an alert straight to your inbox! By clicking “Sign up”, you agree to receive emails from Business Insider. In addition, you accept Insider’s Terms of Service and Privacy Policy. It's December 1, and we're firmly enmeshed in the most exciting part of any given year.

No, I'm not referring to the holiday season, even if your local radio stations have all flipped over to Christmas formatting. I'm talking about stock forecast season, when the top strategists on Wall Street unveil their S&P 500 targets for the year ahead. The Street's heaviest hitters have been on it, with a handful publishing their 2026 outlooks before Thanksgiving, giving market enthusiasts everywhere something to chew on over the holiday weekend. It’s bad out there. Russia is flying bombs over Poland, shutting down its airports. Israel conducted a missile strike on Hamas in Doha, even though Qatar is a Western ally.

And the U.S. government revised down its employment numbers, revealing there are nearly 1 million fewer jobs in the economy than previously thought. And don’t forget the trade war. So, obviously, S&P 500 futures are up 0.25% this morning, and the underlying index closed at yet another record high yesterday, up 0.27% at 6,512.61. “S&P 500 has delivered a 31% gain since the April 9th lows, the best five-month performance in roughly two decades outside of a recession,” according to JPMorgan’s Dubravko Lakos-Bujas. This is because stocks are climbing “the wall of worry,” he told clients in a note this morning.

The wall of worry is a cliché that describes the notion that investors like hearing bad news because they can price it in and leave it in the rearview mirror: Investing is about what... Thus Lakos-Bujas has a new target for the S&P: 7,000. But the climb upward will be rocky, he says: “Short-term caution (S&P 500 downside to 6,000-6,200); medium-term further upside (7,000 by early 2026).”

Jpmorgan Gives Bullish 2026 Outlook Why It Thinks S P 500 8 000 Cnbc

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