Michael Cembalest, Chairman of Market and Investment Strategy at JP Morgan, does his take on 2015. Certainly more bullish than some of the prior pieces I have sent. This is a little longer, as are most wirehouse forecasts. But I find it useful.

“2015 looks like another year of modest gains on diversified global portfolios with US assets in the lead, even as questions around Russia’s territorial ambitions and natural gas policies, Middle East sectarian and religious conflicts, Iranian weaponization of nuclear power and a North Korean economic collapse remain unanswered.”