_wall-street-strategists-raise-sampp-500-price-targets-amid-positive-inflation-numbers-here39s-why-the-fed39s-one-cut-fo.jpg "Wall Street Strategists Raise S&P 500 Price Targets Amid Positive Inflation Numbers. Here's Why the Fed's One Cut Forecast May Alredy Be Outdated from kirsten price hot Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:41
👁 View: 22M times
✓ Published: 18-Jun-2024
👁 View: 22M times
✓ Published: 18-Jun-2024
Description:
The latest inflation data is providing a boost to the current stock market rally, with the S&P 500 and Nasdaq hitting four straight record closes last week. Wall Street strategists are raising their year-end price targets for the S&P 500. The May Consumer Price Index and Producer Price Index showed significant progress towards the Fed's inflation goal. Economists believe this indicates a positive reading of the Fed's preferred inflation gauge. The Fed's latest Summary of Economic Projections showed a median forecast of just one rate cut in 2024. Still, strategists believe this may already be stale given the positive inflation data released after the Fed's meeting.
The latest inflation data is providing a boost to the current stock market rally, with the S&P 500 and Nasdaq hitting four straight record closes last week. Wall Street strategists are raising their year-end price targets for the S&P 500. The May Consumer Price Index and Producer Price Index showed significant progress towards the Fed's inflation goal. Economists believe this indicates a positive reading of the Fed's preferred inflation gauge. The Fed's latest Summary of Economic Projections showed a median forecast of just one rate cut in 2024. Still, strategists believe this may already be stale given the positive inflation data released after the Fed's meeting.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_inflation-hits-highest-level-since-biden-took-office-nearly-half-of-americans-struggling-financially-as-inflation-soars.webp "A recent poll by Monmouth University found that 46% of Americans are financially struggling due to the spike in inflation, the highest recorded since President Biden took office. Prices have risen about 20% since then, but the inflation rate has slowed. However, prices are still significantly higher than four years ago and this could impact the upcoming election. A survey also found that an equal percentage of Americans believe that Biden or Trump cares about their economic struggles, but many still feel behind.")
_steady-income-and-potential-price-gains-why-top-bond-investors-are-bullish-on-current-yields.webp "After years of low interest rates, the Federal Reserve has aggressively raised rates to fight high inflation, causing a painful downturn in the bond market. However, some top bond investors see current bond yields as highly attractive compared to the last 15 years. Corporate bonds currently offer yields of 6% for broader bonds, 7% for preferred stocks, 8% for high-yield bonds, and almost 10% for senior loans. Investors who buy bonds now can benefit from both steady income streams from yields, as well as potential price gains if the Fed cuts rates in the future. Bond prices often rise after the Fed stops raising rates, and total returns have historically been strong in the 5 years following peak rate hiking cycles.")
⏲ 0:47 👁 505K
_rip-off-food-and-drink-prices-at-sheffield-station.webp "Inflated food and drink prices at Sheffield station compared to the same product available elsewhere including M&S, Starbucks and WHSmith")
_rising-cost-of-living-leaving-many-canberra-small-businesses-in-a-precarious-position.webp "As the cost-of-living increases, consumers are having to think more carefully about how they are spending every dollar. Canberrans are no different and smaller businesses in the capital say they are feeling the pinch. With household budgets tighter than ever, many of those businesses are being forced to adapt to survive.")
_supermarkets-face-accusations-of-price-gouging.webp "With supermarkets facing mounting accusations of price gouging consumer group choice has done some leg work to compare prices at the checkout. The surveys funded by the government found savings of nearly 25 per cent at Aldi but less than a dollar between Coles and Woolworths.")
_gamestop-ceo-leaves-investors-in-the-dark-at-annual-shareholder-meeting-amid-39roaring-kitty39-hype.webp "GameStop held its annual shareholder meeting on Monday where CEO Ryan Cohen briefly discussed creating shareholder value and cutting costs but provided little details on the company's future plans. The meeting was originally scheduled for Thursday but had to be postponed after the third-party livestream crashed due to overwhelming demand. GameStop shares dropped over 12% on Monday after the meeting failed to provide a clear strategic roadmap or turnaround plan to investors. Cohen said the company will focus on running fewer retail stores and selling higher-priced items but did not elaborate on this strategy.")
⏲ 0:46 👁 560K
_wedbush-analyst-dan-ives-raises-microsoft39s-price-target-to-36550-39tidal-wave-of-copilot-and-azure-monetization-now-on.webp "Wedbush Securities analyst Dan Ives has raised the price target for Microsoft from $500 to $550, citing positive AI customer feedback and the increasing monetization of Copilot and Azure. MSFT.")
_eposide-102-battle-through-the-heavens-season-5-new-preview-episode-102-124-btth-season-5.webp "Battle through the heavens Season 5 New Preview Episode 102 | Btth Season 5 <br/>#btth #eposide102 #new #preview #donghua #chinese_donghua #battle_through_the_heavens #season_5 #dailymotion donghua_world")
⏲ 0:17 👁 815K
_inflation-hits-highest-level-since-biden-took-office-nearly-half-of-americans-struggling-financially-as-inflation-soars.jpg)
_steady-income-and-potential-price-gains-why-top-bond-investors-are-bullish-on-current-yields.jpg)
_rip-off-food-and-drink-prices-at-sheffield-station.jpg)
_rising-cost-of-living-leaving-many-canberra-small-businesses-in-a-precarious-position.jpg)
_supermarkets-face-accusations-of-price-gouging.jpg)
_gamestop-ceo-leaves-investors-in-the-dark-at-annual-shareholder-meeting-amid-39roaring-kitty39-hype.jpg)
_wedbush-analyst-dan-ives-raises-microsoft39s-price-target-to-36550-39tidal-wave-of-copilot-and-azure-monetization-now-on.jpg)
_eposide-102-battle-through-the-heavens-season-5-new-preview-episode-102-124-btth-season-5.jpg)
![[+]](/images/menu.gif){kind=small}