The S&P 500 Could Tumble 20% This Spring
S&P 500 could tumble 20% this spring — then surge to a record high by the end of 2024, strategist says.
S&P 500 could tumble 20% this spring — then surge to a record high by the end of 2024, strategist says.
Investors dumped cash and bought stocks in week to Wed., according to BofA Global Research, as hopes of rate cuts drove equity and bond prices higher.
Faces a potential severe economic downturn, as multiple indicators within the financial sector begin to signal caution.
In recent webcast Jeffrey Gundlach, billionaire investor and CEO of DoubleLine Capital, presented nuanced analysis of current economic landscape.
New data showing resilience in the US labor market put a lid on the US stock market’s five-week advance.
If America had a national mood it would be gloom. Things aren’t bad according to data. Yes inflation has been a problem but it’s coming under control.
Markets surprised to the upside this year with the Nasdaq (IXIC) up 24% since the start of 2023, and the S&P 500 (GSPC) 15% higher during same period.