Core Insights - The main investment focus for 2026 will revolve around artificial intelligence (AI) and data center expansion, infrastructure development, and the pursuit of high-quality growth and operational resilience by companies [1] Group 1: Investment Themes - Key themes include long-term growth driven by AI and data center expansion, favorable conditions from infrastructure development and electrification, and companies' ongoing pursuit of high-quality growth and operational resilience [1] - Investors are advised to pay special attention to companies with strong pricing power, long-term growth momentum, robust balance sheets, and those benefiting from structural trends like data center expansion and infrastructure investment [1] Group 2: Market Predictions - JPMorgan forecasts the S&P 500 index to reach a target of 7500 points by the end of 2026, with expected earnings per share of $315 in 2026 and $355 in 2027, surpassing market expectations of $309 and $352 respectively [1] - The outlook is based on the assumption that the Federal Reserve will lower interest rates twice before entering a long-term policy pause, with potential for the S&P 500 to exceed 8000 points if inflation improves and leads to further rate cuts [1]
小摩：假设美联储明年再降息两次，预测明年底标普500指数目标为7500点
Ge Long Hui A P P·2025-12-23 08:23