Natalia Lipichina, JP Morgan's head of equity strategy for EMEA, said a US earnings "supercycle"—fueled by heavy mega‑cap investment and advances in AI agent technology—will drive equities to fresh highs. The bank has raised its S&P 500 earnings outl

2026-06-03

Natalia Lipichina, JP Morgan's head of equity strategy for EMEA, said a US earnings "supercycle"—fueled by heavy mega‑cap investment and advances in AI agent technology—will drive equities to fresh highs. The bank has raised its S&P 500 earnings outlook and now forecasts 20% earnings growth in 2026; the current reporting season shows S&P 500 earnings growth at a five‑year high, led by mega‑cap tech. JP Morgan said the upgrade reflects confidence that earnings growth will be more durable than in a typical economic cycle.