Posted on 12/04/2023 10:30:25 AM PST by Sequoyah101
The S&P 500 is having an incredible year. The benchmark U.S. stock market index is up 19.7% on the year as bulls test the resistance around 4600.
For Stifel’s analysts, known for accurately predicting the rally in the first half of 2023, this rally has largely played out.
The analysts upgraded their mid-2024 price target for the S&P 500 to 4650 from 4400 previously.
(Excerpt) Read more at investing.com ...
Guess who had just shy of 72% his first 4 years. That makes almost 50% seem a pittance.
I don’t know, but if you give an answer where we were coming out of a recession, where the market had cratered beforehand, or the Feds lowered the prime rate to zero, it won’t be as impressive as you make it out to be.
How could an economy that was presided over by a worst ever president do do well?
BTW, it dropped just shy of 19% after he took office before it began to rebound.
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