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Citi Sees S&P 500 Soaring to 7,000 in Bull-Case Scenario – Here’s What Needs To Happen: Report - The Daily Hodl
The third-largest US bank by assets reportedly expects the S&P 500 to surge by as much as 16% from current levels if the economy achieves certain conditions. Citigroup analysts see the S&P 500 hitting 7,000 by the end of the year in a bull-case scenario, reports Barron’s. According to the analysts, a boom related to artificial intelligence (AI) and a “goldilocks” setting for the US economy, powered by sustainable growth, low inflation and low un…
NEW YORK.— Analysts of firms such as Barclays Plc and JPMorgan Chase & Co. see potential for growth for U.S. shares, partly because they expect institutional investors to abandon their cautious stance and increase their exposure to equity. Although stocks have recovered strongly since the fall of April caused by tariffs, large fund managers remain remarkably underweight: their overall share position has been lower than just 23% of the time since…
Several of the very large banks on Wall Street are raising their annual targets for the S&P 500. One is optimistic despite the trade war. The post S&P 500 continues to rise? Optimistic statements on Wall Street appeared first on financial marketwelt.de.
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