JPMorgan: The US stocks are expected to see stronger gains by the end of the year.

Andrew Tyler, head of U.S. market intelligence at JPMorgan, said in a client note on Monday that the U.S. stock market could see stronger gains by the end of the year, following Donald Trump's victory in the U.S. presidential elections.

This is in comparison to the situation when the Republican president won 8 years ago in 2016, where the economist predicted that U.S. stocks would achieve returns in 2024 greater than the returns achieved by the U.S. market in 2016.

The economic analyst also suggested that the S&P 500 index would receive strong support due to economic weakness in regions outside the United States, as China, Britain, the European Union, Canada, and Mexico experienced weaker growth than at that time.

Additionally, Tyler predicted that the strength of the seven technology stocks, referred to as the Magnificent Seven, would continue to drive the stock markets, while financial performance reports would be the strongest influence on the performance of the S&P 500 index until the end of this year.