The Bank advises you not to wait until analysts update their forecasts for the reports before you start buying stocks. As the story shows, those who predict the market may lag behind it for about a year.
Take, for example, 2016 when the market was down in February, but the audit was not positive until the end of the same year.
JP does not lose hope that profits will continue to grow in 2019 as America's economic expansion remains strong.
"We believe this rebound is far from over and we believe the stock market has the potential to make new peaks in this cycle before the next recession begins." - say the strategists from the bank.
Source: Bloomberg Finance L.P.
Graphs: Used with permission of Bloomberg Finance L.P.
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