Reported 8 months ago
Stifel, Nicolaus & Co. predicts that the S&P 500 Index could surge by an additional 10% this year, nearing 6,000, driven by market mania before inevitably dropping back to around 4,800 by mid-2026. The firm's chief equity strategist, Barry Bannister, warns of an upcoming correction, with an official year-end target of 4,750, indicating a possible 13% decline. He cautions that despite the current euphoria among investors and the market's strong performance, a correction is imminent, influenced by factors like crypto market movements and potential Fed policy changes.
Source: YAHOO