Goldman Sachs sees S&P 500 hitting 5,100 in 2024, boosting forecast
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Investors cut cash holdings to a 2-year low - BofA's survey
December 19, 2023 5:07 AM ESTInvestor sentiment is at its most optimistic since January 2022, driven by the "Goldilocks 2024" outlook, indicating a soft landing scenario and diminishing inflation, as per Bank of America's global fund manager survey (GFS).
A notable 91% of respondents believe that Federal Reserve rate hikes are over, with a record 89% expecting lower short-term rates in the next 12 months.... More
BofA expects the Fed to cut rates 4 times next year
December 18, 2023 2:09 PM ESTBofA sees the US Federal Reserve cutting rates four times in 22024, as it now predicts faster growth and lower inflation for the US economy.
BofA's analysts said in a note to clients Monday that incoming data is signaling the US economy can enjoy both modest growth and disinflation simultaneously. "Despite weak readings on consumer confidence, the... More
