Posted 3/25/2024, 1:49:44 PM
Wall Street Bulls See S&P 500 Surging to 5,500 by Year-End on Broad Rally
- Wall Street has new high forecast of 5,500 for S&P 500 by year-end (Oppenheimer chief strategist John Stoltzfus)
- Follows recent stock surge that already passed previous 5,200 target
- Driven by positive earnings last quarters, economic resilience, capitulation among bears
- Bank of America and UBS also raised targets to 5,400
- Rally broadening across sectors, styles and market caps offsets concerns of a bubble