Oppenheimer’s Stoltzfus New Top S&P 500 Bull With 7,100 Target
The S&P 500 (^GSPC) will extend its record-setting rally to 7,100 by the end of next year amid a strong economy, according to Oppenheimer Asset Mgmt.
The S&P 500 (^GSPC) will extend its record-setting rally to 7,100 by the end of next year amid a strong economy, according to Oppenheimer Asset Mgmt.
The US economy is on solid footing right now. Economists at Bank of America expect it to stay that way through next year.
Last week Wall Street began circulating their outlooks for stock market in 2025. For many folks takeaway from these reports is year-end price target.
Americans fell a bit further behind on their credit cards and other loans last quarter, as household debt reached an all-time high.
Markets are pricing in the central bank's third interest rate cut as it inches closer to its inflation target of 2% over the long run.
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Markets reacted positively to Donald Trump's victory, but David Kelly, the chief global strategist at J.P. Morgan Asset Management, isn't celebrating.