JPMorgan Cuts S&P 500 to 7,200. One Month Later: "Just Kidding, 7,600!"

In March, JPMorgan warned the market about impending recession risks and slashed their S&P 500 year-end target from 7,500 to 7,200 — a dire 300-point cut that spooked the Street. Strategist Dubravko Lakos-Bujas painted a bleak picture of macro uncertainty ahead. Fast-forward exactly one month to April 21, 2026, and JPM wakes up to discover that, surprise surprise: AI is still happening, earnings are actually solid, and the "recession" they were so worried about seems to have taken an unscheduled vacation. The response? Reverse the entire call and raise the target to 7,600 — higher than the original 7,500 they started with. Turns out all you need to solve a recession is just... wait a month and let AI do its thing. Chess move: 0/10. Ability to time the market: also 0/10.