JP Morgan's market guru says S&P could hit his year-end target of 3,000 next month

New highs are ahead for the stock market, top J.P. Morgan strategist Marko Kolanovic told CNBC on Wednesday.

"If earnings season is not a complete disaster, I think markets will go higher and we could actually see our price target being achieved earlier, maybe even sometime in May or June," said Kolanovic, J.P. Morgan's global head of quantitative and derivatives strategy. Stocks closed higher again on Wednesday. The S&P notched a five-day winning streak, gaining 0.2% to end the day at 2,873.40.

punkcap Damn it’s going down

Bullish outlook on $SPX

lol 😂 and 1000after

“Market Guru”

Bet that market guru is a rocket scientist too

Cool, so divide by 2, and 1500 it is :)

I think the S&P will hit 3001 my year end target by the end of next month, nothing about these stabs in the dark make one a market guru.

Nothing outperforms the US market as a whole over the long run! Second thought the his year end price projection was very accurate or well thought out. A broken clock is still right twice a day and this doesn’t speak to his skill or accuracy!

...and?

This just in: Man guesses at stock market target.

Guruleaks1

Ok

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