Fear.....lol...
LOL. It's time to retire this thing.
https://twitter.com/Mayhem4Markets/stat ... 3693069805
The S&P 500 will rally to a record high next year, helped by positive sentiment and resilient valuations,
Valuations can stay higher than many investors realize,” as cooling inflation should support price-to-earnings multiples.
Bank of America Corp.’s Savita Subramanian who also sees the S&P 500 closing the year 5,000 — 10% higher from Tuesday’s close — as companies have adapted to higher rates and weathered macroeconomic jolts. Other strategists are also optimistic, with Goldman Sachs Group Inc.’s David Kostin and Societe Generale SA’s Manish Kabra seeing the index flirting with a record high. Morgan Stanley’s Michael Wilson — a staunch Wall Street bear — has also turned more constructive in his view for the next year.
The S&P 500 has climbed 18% in 2023 after tumbling last year. Optimism about developments in artificial intelligence and hopes that the Federal Reserve would soon end its interest rate hiking cycle as the economy holds up better than expected have fueled the rally.
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