JPMorgan AM Backs Risk Assets With $4.3 Trillion Call as AI Boom Fuels 2026 Rally

3 articles · Updated · Bloomberg · Jun 17

$4.3 trillion JPMorgan Asset Management told investors to stay in stocks and other higher-risk assets in the second half of 2026, arguing the rally still has room to run.
AI infrastructure spending and resilient higher-income consumers are central to that view, with the firm saying business investment and the wealth effect from rising stock and home prices are sustaining growth.
That stance pushes back against fears that 2026's strong equity gains have left markets exposed to a pullback, even with persistent inflation and the Federal Reserve staying on hold.
JPMorgan's midyear outlook still pairs that bullish call with diversification advice, highlighting real estate, transportation and infrastructure as hedges against concentration risk in AI-led markets.

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