STOCKS | JPMorgan Strategist Sees U.S. Earnings 'Supercycle' Driving S&P 500 to New Highs

Jin10 reported on June 3 that Natalia Lipishina, JPMorgan's Head of Equity Strategy for Europe, the Middle East, and Africa, stated that the U.S. earnings 'supercycle' is expected to propel the stock market to new highs. This trend is driven by substantial investments from large corporations and advancements in AI agent technology. Lipishina remarked, 'We have actually just raised our expectations for the S&P 500 index, and we anticipate a 20% earnings growth in 2026.' During the current earnings season, the S&P 500 index has achieved its highest earnings growth in five years, with most of the growth still coming from large tech companies. Lipishina described the recent earnings growth performance as 'quite remarkable,' crediting the technology sector for its significant contribution. The bank's revised earnings forecast reflects its confidence that earnings growth will be more enduring than typical economic cycles.