Wall Street strategists are increasingly optimistic that the pandemic is in its final phase.
JPMorgan said in February the crisis will "effectively end" in 40 to 70 days.
The "recession is effectively over," Morgan Stanley said Sunday.
One year after the S&P 500 tumbled nearly 8% on COVID-19 fears, experts on Wall Street see the US bearing down on the finish line of the pandemic.
Declining case counts, vaccine rollouts, and expectations for new stimulus have lifted spirits in recent weeks. Economists have upgraded growth forecasts and investors continue to shift cash from defensive investments to riskier assets more likely to outperform during a rebound. Major banks' strategists are taking it one step further.