Reported about 6 hours ago
Wall Street strategists have been caught off guard by the unexpected strength of the S&P 500 rally, which has exceeded year-end forecasts by nearly 3%. Despite concerns over economic issues and tariffs, strong profit growth and enthusiasm for big tech have fueled the market's advance. Analysts have repeatedly revised their expectations upward, with some projecting significant gains ahead, especially in light of recent interest rate cuts by the Federal Reserve. This ongoing optimism marks a surprising turnaround from earlier, more conservative predictions.
Source: YAHOO