Top Wall Street Strategist Sees S&P 500 Surging 13% More This Year Despite Higher Rates

Wall Street's biggest bull sees S&P 500 rising 13% more to 4,900 by year end despite higher interest rates

Higher rates not a major problem for stocks as long as they move in a smaller range, says chief investment strategist John Stoltzfus

Strong consumer and bank earnings among reasons for stock optimism

Stoltzfus was one of the biggest equity bulls in 2022, though stocks plunged last year

His call for strong consumer demand supporting growth has played out in 2023, helping drive S&P 500's 13% YTD gain