Posted 3/21/2024, 6:19:00 PM
S&P 500 Forecast to Rally 4.6% More This Year to 5,500 on 'US Exceptionalism' Driving Record Profit Growth
- The S&P 500 will rally another 4.6% this year to 5,500, according to Societe Generale's new high target
- "US exceptionalism" in areas like reshoring, AI, and financials is driving profit growth
- Profit growth continues to set records and supports market optimism as rational
- Major rallies may be over, with a 4.6% upside remaining amid risks like potential rate hikes
- A 20%+ rally would be needed to match dot-com bubble exuberance levels