JPMorgan Strategist: Corporate Capital Spending Up 12% Despite Market Valuation Concerns

According to JPMorgan Chase strategist Grace Peters, global fragmentation, artificial intelligence, and inflation are shaping markets, with recent geopolitical events heightening these trends. While stock markets trade near all-time highs, companies' increased capital expenditures justify current valuations. In the latest earnings season, corporate spending outside AI investments grew 12%, driven by national security demands, Peters said. She noted that investors should neither overreact to short-term news nor underestimate structural shifts occurring beneath market surfaces.
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