Top JPMorgan strategist explains how stocks hit 'market nirvana' in 2021

Share
Dubravko Lakos-Bujas. Head of U.S. Equity Strategy, JP Morgan
Scott Mlyn | CNBC

(This story is for CNBC Pro subscribers only).

One of JPMorgan's top strategists explained on Thursday how a "market nirvana" could push the S&P 500 nearly 20% higher by the end of next year.

The bank released its 2021 forecast this week, setting its base case target for the S&P 500 at 4,400 for the end of 2021. Dubravko Lakos-Bujas, the bank's chief U.S. equity strategist, explained the reasoning behind the bullish outlook on CNBC's "Halftime Report."

More In CNBC TV Picks

CNBC ProAriel's John Rogers likes this stock as a way to ride the hot IPO trend
CNBC ProTom Lee says hot IPOs may be a sign retail investors are coming back to stocks
CNBC ProOakmark’s Bill Nygren says these two stocks offer hidden value for investors