JPMorgan and CFRA Raise S&P 500 Price Forecast as Nobody Wants to Hedge Anymore

JPMorgan and CFRA have raised their price targets for the S&P 500 index as hedging demand has hit multi-month lows. This decline in hedging demand signals a high level of complacency among institutional investors. Both firms have adopted a more bullish outlook on US equities. This setup could represent a new risk factor for equity markets.

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