'The Price is Wrong': S&P 500 Could Drop to 3400 After Another Bear Market Rally Says Morgan Stanley's Wilson
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5 Top Strategists Discuss Near-term Outlook for S&P 500 and US Equities
May 16, 2022 7:04 AM EDTThe S&P 500 had another rough week with the US benchmark stock index falling 5.2%. Consumer Staples was the best-performing sector (down 1.1%) while Consumer Discretionary was the worst-performing sector (-8.4%).
Here are comments from 5 strategists on what we can expect from the S&P 500 in the near term.
Goldman Sachs David Kostin (lowers S&P 500 price target to 4300 from 4700): Although S&P 500 firms posted much better-than-expected 1Q EPS growth of 11%, investors have been mauled by a 18% near-bear market plunge since the index peaked on January 3rd. We boost... More
