But it's not on the back of tech stocks - which has been the hottest sector in 2017

In a client note to its clients, JP Morgan said that they see the index rising to the 3,000 level but it will mainly be due to financial stocks as they will be the "key tax beneficiary".

They recommend being overweight in industrial, energy, and materials shares though.

This year, the S&P500 has been led by a surge in tech stocks which accounts for almost 1/4 weightage in the index. The tech sector is up by close to a whopping 37% on the year - as you can see below.

But JP Morgan noted that rich valuation, crowded positioning, and tax reform rotation could pose significant headwinds to the tech sector next year.

You can read the Bloomberg article here.