Business & Finance
JPMorgan’s David Kelly Says AI Boom Will Refuel Risk Rally
Key Points
Investing JPMorgan’s David Kelly Says AI Boom Will Refuel Risk Rally JPMorgan Chase & Co.’s asset-management arm is urging investors to stick with the risk rally in the second half of 2026, arguing that an AI investment boom and resilient consumers should keep the expansion intact despite persistent inflation and a Federal Reserve on hold. The call challenges growing concerns that this year’s powerful gains have left stocks vulnerable to a pullback. Instead, the $4.3 trillion asset manager...
Investing
JPMorgan’s David Kelly Says AI Boom Will Refuel Risk Rally
JPMorgan Chase & Co.’s asset-management arm is urging investors to stick with the risk rally in the second half of 2026, arguing that an AI investment boom and resilient consumers should keep the expansion intact despite persistent inflation and a Federal Reserve on hold.
The call challenges growing concerns that this year’s powerful gains have left stocks vulnerable to a pullback. Instead, the $4.3 trillion asset manager says economic momentum is strengthening as companies ramp up spending on AI infrastructure, while higher-income consumers continue to spend, helped by the so-called wealth effect, buoyed by rising stock and home prices.