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JPMorgan’s 3 Stock Picks With Over 45% Upside Potential

Reuters

JPMorgan says 2022 to see full global recovery

U.S. investment bank JP Morgan predicted on Wednesday that 2022 will mark the end of the coronavirus pandemic and see a full global economic recovery. The bank’s outlook report for next year said new vaccines and therapeutics would result in a “strong cyclical recovery, a return of global mobility, and a release of pent-up demand from consumers.” Marko Kolanovic, its Chief Global Markets Strategist & Co-Head of Global Research, said the bank expected the U.S. S&P 500 to rise nearly 8% to 5050 points, emerging market stocks to surge 18% and 10-year U.S. Treasury yields – a key driver of global borrowing costs – to rise to 2.25% by the end of 2022.

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