Analysts at UBS goal the S&P 500 at 4,900 in June 2024 and 5,000 in December 2024
Citing:
- “benign” macroeconomic backdrop wholesome economic system:
- unemployment remained low, labor market cooled, actual wages rose, shopper funds intact
- a “fine” earnings season in This fall 2023
- expects firm earnings have risen 4% to five% y/y in This fall, and thus seemingly that earnings beats of three% to five% to be anticipated
UBS says a smooth touchdown has largely been priced into equities. And thus tricks to look forward to value pullback entry factors.
This text was written by Eamonn Sheridan at www.forexlive.com.
