JPMorgan warned that its year-end target of 6500 points for the S&P 500 index faces risk of falling short.

Jinse Finance reported that as the tariff news stirred up the financial market and sparked concerns among investors about the prospects of the US economy, JPMorgan strategists warned that their earlier forecast for the US stock market’s rise at the beginning of the year faces the risk of falling short. JPMorgan maintained its year-end target of 6500 points for the S&P 500 index, but warned that there is a “significant margin of error” in this forecast. This target implies that, compared to Thursday’s closing level of 5738.52 points, there is about 13% pump space for the S&P 500 index by the end of the year. “The S&P 500 index may not reach this level until 2026,” the team led by Dubravko Lakos-Bujas stated in a report to clients on Thursday. The team pointed out that economic data fluctuates significantly, indicating to some extent a slowdown in economic growth while inflation remains stubborn. It is expected that the short-term fluctuation range of the S&P 500 index is between 5200-6000 points, and individual stock trends may be highly differentiated.