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Deutsche Bank see a near-term S&P 500 rally above 4250

Bankim Chadha, head US equity and global strategist at Deutsche Bank spoke on Bloomberg TV on Monday. He expects a near term SPX rally due to:Stronger-than-expected Q1 earningsThere's this narrative out there that the bottom of consensus is forecasting the worst earnings season ever and down 7%. I think they should be careful with that hypothetical because the earnings beat is almost always by 5%.A weakening US dollar. We had upgrades to growth in the US, in Europe, in China, in Japan. We had th... Read More

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Deutsche

Bank

Near

Term

Rally

Above

4250

Near term

Forex

Posted: Apr 17 2023, 22:24

Author Name: forexlive

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