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ICYMI - Credit Suisse raised its S&P 500 year-end forecast to 4,70, from 4050

A boosted forecast for US equities from CS, info comes via Reuters:Credit Suisse citing a decline in the near-term U.S. recession risk"Our base case is that a recession will be averted, inflation will remain sticky near current levels, and monetary policy will tighten incrementally"a stronger earnings outlook for the largest technology-related companiesraised its 2023 earnings per share estimates to $220 from $215raised its 2024 EPS forecast to $237 from $220 This article was wr... Read More

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Content Topics

Icymi

Credit

Suisse

Raised

Year

End

Forecast

70 From

4050

Year end

Forex

Posted: Jul 18 2023, 23:41

Author Name: forexlive

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