JPMorgan Wealth Management projects the S&P 500 could surpass 8,000. Head of Investment Strategy Elyse Ausenbaugh forecasts a fourth consecutive year of double-digit gains. Spending on AI infrastructure and national security priorities drives this outlook.
JPMorgan anticipates one Federal Reserve rate cut by midyear. The market currently prices in two cuts.
Ausenbaugh recommends a selective approach to AI investments. She favors semiconductors and networking stocks. She advises caution regarding market volatility and AI-driven disruption.