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Spring Cleaning on Our 2024 S&P 500 Forecasts
Spring Cleaning on Our 2024 S&P 500 Forecasts
ratings:
Length:
9 minutes
Released:
Mar 28, 2024
Format:
Podcast episode
Description
Three big things you need to know today: First, we lift our YE 2024 S&P 500 price target to 5,300 (from 5,150). The most constructive model in our tool kit indicates upside to ~5,400, which represents our bull case if our base case is too conservative. Second, we continue to see some conflicting cross currents for stocks. Among the five models that we use, our economic, valuation, and cross-asset work are sending the most constructive signals, while our sentiment and politics work are less enthusiastic. Third, we lift our 2024 S&P 500 EPS forecast to $237 (from $234), which remains slightly below the bottom-up consensus.
Released:
Mar 28, 2024
Format:
Podcast episode
Titles in the series (100)
Defensive Backdrop To Earnings by RBC's Markets in Motion