Stocks could jump this year as long as inflation keeps coming down and the Federal Reserve backs off from its aggressive monetary policy, according to Piper Sandler chief market technician Craig Johnson.on Wednesday, he predicted the S&P 500 could rally to 4,625, which is about an 18% gain from the index's current levels.
But those pressures have eased in recent months, Johnson said, which could be bullish for equities. The US dollar has slipped 10% since September, and the Fed has slowed its pace of interest rate hikes as inflation continues to moderate. Those have set up stocks for a small rally in recent weeks, with the S&P 500 up 4% from the start of the year.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Stock market outlook: Analyst says S&P 500 is facing resistance at 4000Hedge funds are finally starting to believe in the stock market's latest rally, but one analyst warns that any move higher will be fleeting Everything these people say practically is fleeting if not entirely inaccurate. So there's that. Even bearmarkets have nose bleeding rallies which sucker buyers in. Let's see where we are in June. Caveat Emptor. KEY: Fairlead’s Katie Stockton: S&P 500 is experiencing Short-Term Overbought conditions, which will make it 'more challenging for the rally to be sustained, as intermediate-term momentum has fallen off since early December.' stockmarkets stocks investing investment
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: CNBC - 🏆 12. / 72 Read more »