Posted 11/28/2023, 1:27:00 PM
Deutsche Bank Forecasts S&P 500 Surge to 5,100 in 2024 on Soft Landing Outlook
- Deutsche Bank predicts S&P 500 will surge to a record 5,100 points in 2024, a 12% gain
- Forecast based on view that US is nearing "soft landing" with cooling inflation and strong growth
- Bank doesn't rule out mild, short recession but says it won't dent earnings much
- Follows great year for stocks and economy - Fed tamed inflation without tanking growth
- Deutsche joins likes of BofA, Goldman in bullish 2024 outlooks amid optimistic atmosphere