$JPMorgan (JPM.US)$JPMorgan Chase: High interest rate US sto...

September 13｜Morgan Stock Market Strategists believe that U.S. equities have risen significantly since this year and real interest rates are high, and U.S. stocks are at greater risk of a pullback. The S&P 500 is up 16% on aggregate this year. MORTON STRATEGISTS POINT OUT THAT IN REAL INTEREST RATES AND PAST DATA, THE BENCHMARK SHOULD BE BETWEEN 15 AND 16 TIMES EXPECTED MARKET EARNINGS, BUT THE CURRENT LEVEL IS AROUND 20 TIMES, MAKING IT DIFFICULT TO SUSTAIN. Moto believes that the S&P 500 index is currently at an overvaluation of 14%.