The Charging Bull near Wall Street is pictured in New York, January 16, 2019

Carlo Allegri | Reuters

J.P. Morgan on Monday raised its 12-month S&P 500 forecast and told clients that the market is set for even more gains in the second half as the Federal Reserve pivots toward easier monetary policy and the Trump administration looks to end an entrenched trade dispute with China.

The brokerage raised its S&P 500 price target to 3,200 from 3,000, representing 6.2% upside from Friday’s close. The S&P 500 notched an all-time and closing high on Friday, finishing the session at 3,013.77.

We are “raising our S&P 500 12-month price target to

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