US Inflation: JP Morgan, Goldman Sachs both expect S&P 500 gains on likely softer CPI

US Inflation: JP Morgan, Goldman Sachs both expect S&P 500 gains on likely softer CPI – by anilpanchal7 Inflation RiskAppetite UnitedStates Banks CPI

data for November, analysts from Goldman Sachs and JP Morgan came out with their expectations on how the headline inflation numbers could affect the benchmark US equity index S&P500.

“A reading 7 to 7.3% would see 2 to 3% added to the S&P500,” adds GS while also stating that from 7.4% to 7.7% sees the S&P 500 drop 1 to 2%. The US bank also stated that the inflation readings above 7.7% could see S&P 500 losses of more than 3%.Information on these pages contains forward-looking statements that involve risks and uncertainties.

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