Posted 3/4/2024, 4:47:10 PM
Bank of America Forecasts S&P 500 Surging to 5,400 by End of 2024 on Broad Earnings Growth
- Bank of America raises its S&P 500 target to 5,400 from 5,000 for end of 2024
- Call is among the most bullish on Wall Street, citing earnings growth and economic outlook
- Strategists say bull markets end in euphoria - we're not there yet
- Average year sees 3 pullbacks of 5%, one of which extends to 10% correction - we're due
- Expect tech stock leadership to fade as earnings growth broadens across S&P 500 in H2 2024