JPMorgan says the stock market may need more time to get to its year-end target - MarketWatch
1. JPMorgan retains a year-end target of 6,500 for S&P 500. 2. S&P 500 may remain range-bound between 5,200 and 6,000 temporarily. 3. Near-term fears are mitigated by solid earnings growth and low recession risk. 4. Market conditions suggest potential for Fed rate cuts supporting risk assets. 5. AI developments may boost future earnings growth across various sectors.