Goldman Sachs and JPMorgan predict US stock market’s growth
The US domestic media is regularly reporting that its stock market is crashing. However, the US stock market is now booming. It is rather stable concerning political or economic issues.
Currently, external markets, especially the US stock market, are flourishing. Strategists at the world's largest banks, Goldman Sachs and JPMorgan, predict its further growth and a bright future. According to their forecast, the value of securities will continue to rise despite fears of stagflation.
Goldman Sachs strategists reported that they expected the US stock market’s further rise as investors became convinced that the current inflation rate was temporary. JPMorgan experts backed their view and added that fears of stagflation (price growth associated with economic stagnation) would end soon.
If in some countries people are constantly wary of rising prices, the US officials think that the global economy has not yet recovered to its pre-pandemic peak. The world economy is likely to face stagflation. However, it does not concern the US economy. Goldman Sachs and JPMorgan believe the current rise in inflation is temporary and is caused mainly by an increase in energy costs.