‘Stay Invested With Caution’: J.P. Morgan Stays Constructive on Markets – Picks 2 ‘Strong Buy’ Tech Stocks

After a full month of open war in the Middle East, the impact on energy markets is hard to ignore. Oil prices are up about 45%, adding to concerns that higher energy costs could push inflation higher. Meanwhile, the S&P 500 is down nearly 8% over the past month. Against that backdrop, J.P. Morgan strategist Fabio Bassi has trimmed his 2026 year-end S&P 500 target to 7,200 (from 7,500). Yet, even after the cut, it still implies a new record high and 13.5% upside from here. “We maintain the view o