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At least 2 US analysts have raised their S&P 500 forecast to 4600. Don't worry, be happy.

At least 2 US analysts have raised their S&P 500 forecast to 4600. Don't worry, be happy.
Wells Fargo lifted its S&P 500 target to 4,60, citing:FOMCseasonalitybut did warn that defensives are signalling a 'yellow flag'Bank of America headline their note with 'Don't worry, be happy":raise their S&P 500 2023 year-end target to 4600 from 4300 previouslyCiting their "US Regime Indicator" and that it improved for the second consecutive month and is now in "Recovery phase""we believe Q2 2023 marked a trough in the profits cycle"BoA also had comments on the likelihood of a US recession: dif... Read More
Posted: Sep 20 2023, 21:40
Author Name: forexlive
Views: 091017

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