Market Extra: Don’t write off stocks just yet because the market has what it takes to hit new peaks, says JPMorgan strategist

The best start to a year in three decades is a hard act to follow, but there are a lot of great reasons for stocks to climb to new heights before the rally comes to an end, according to a strategist at JPMorgan Chase & Co.

“Our key theme remains that the current market backdrop has similarities to ’15-’16 mid cycle correction episode, and not to the end of the cycle,” said Mislav Matejka, head of global equity strategy at JPMorgan Chase & Co., in a Monday report.

The strategist highlighted that after a nearly 20% correction in 2015 and 2016, stocks rose 43% in the following two years.

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