Dan Niles says his 3,000 target for S&P 500 would be mid-year
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Go back to Dan Niles says his 3,000 target for S&P 500 would be mid-year
February 28, 2023 7:12 AM EST
Last week, during which the S&P 500 lost almost 2.7%, investors were selling U.S. equities for the third consecutive week, the data compiled by Bank of America showed.
The banks institutional and retail clients, as well as hedge funds, were all net sellers last week. BofAs clients continue to prefer stocks to ETFs, a trend that was first observed in January and early... More
February 28, 2023 6:39 AM EST
Goldman Sachs strategist Christian Mueller-Glissmann noted a slowdown in bullish sentiment after the U.S. Core PCE price inflation re-accelerated to 0.57% month-over-month while UoM consumer sentiment also increased.
As a result, global stocks fell last week as investors were re-pricing increased Fed forecasts tightening. The strategist sees more... More
February 27, 2023 2:02 PM EST
Dan Niles, the Founder and Senior Portfolio Manager for the Satori Fund, told Investing.com and Street Insider on Monday that he expects to see the S&P 500 at 3,000 "before this is over."
In a Twitter Spaces, Niles said the 3,000 target is for mid-year as he believes inflation will keep coming down but remain "sticky" due to the China re-opening, while U.S. consumers are... More
