Wall Street ends down sharply on fears of Ukraine conflict

Go back to Wall Street ends down sharply on fears of Ukraine conflict

Goldman Sachs Lowers 2022 S&P 500 Target to 4,900

February 13, 2022 1:28 AM EST

Goldman Sachs Economist David Kostin lowers his 2022 S&P 500 price target to 4,900 (from 5,100).

The analyst comments "Following 4Q results, we reiterate our 2022 S&P 500 EPS estimate of $226 (+8% year/year growth) and lift our 2023 EPS estimate to $240 (+6% growth) to reflect our previously discussed scenario assuming no tax reform. However,... More

Strategists Rush to Adjust Hiking Expectations Following Hot Inflation Data, Credit Suisse Downgrades Global Equities to 'Benchmark'

February 11, 2022 8:27 AM EST

A day after St. Louis Federal Reserve Bank President James Bullard said that he is now "dramatically" more hawkish after witnessing even hotter inflation data yesterday, Credit Suisse analyst Andrew Garthwaite downgraded global equities outlook to Benchmark. from Overweight.

"The Fed has met its twin targets of maximum employment and 2% average core PCE, hence policy should be neutral.. The reliable lead indicators of U.S. wage growth are not yet falling. If wages were to stay at current levels until May, the Fed would have to quickly slow GDP growth to below trend at whatever rates that are... More