Reported 4 days ago
Phil Orlando, chief market strategist at Federated Hermes, forecasts an optimistic trajectory for the S&P 500, aiming for 6200 by the end of 2024, 7000 by the end of 2025, and ultimately reaching 7500 by 2026. He attributes these expectations to anticipated tax changes from the newly elected government but warns of uncertainty tied to personnel decisions under Trump's administration, which could greatly impact markets.
Source: YAHOO