JPMorgan Predicts S&P 500 Gains Overcoming Economic Hurdles

Key Points

1. JPMorgan predicts high returns for the S&P 500 over the next 12 months, despite concerns over economic challenges from tariff policies.

2. The S&P 500 has gained over 28% in four months, with 82% of companies exceeding profit expectations in the last quarter.

3. Large companies have adapted well to new tariffs, with profit growth expectations revised from less than 5% to 11% annually.

4. New regulations like the One Big Beautiful Act (OBBA) provide tax advantages for large companies, including 100% depreciation rights on qualified investments.

5. Apple, exempt from the latest tariffs, announced a $100 billion investment in the US, with its stock gaining 9% in a week.