 JP Morgan pic via a Bloomberg - gated - report outlines their expected range, and attaches probabilities, for US CPU for December:JPM on why they expect the SP500 will gain:investors are largely defensively positioned ... any evidence that the Federal Reserves inflation-fighting campaign is working will spark a rush to unwind bearish positionsThis should aid the nascent bear rally, but we remain cautious as long as the Fed remains active with its tightening cy... 