J.P. Morgan sees S&P at 4000 by early next year

End of 2021 at 4500

J.P. Morgan is bullish on stocks. They see the S&P index at 4000 by early next year, and sees end of year 2021 at 4500.

The current S&P is at 3608. A gain to 4000 implies a 10.86% move from current levels.

They attribute the rise to the belief that stocks are facing one of the best backdrops for sustained gains in the years.