Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Piper Sandler, a financial firm, is discontinuing the practice of providing price targets for the S&P 500 index. This decision follows a recognition that such projections have not been beneficial to investors historically. Despite generally predicting market directions accurately, analysts often miss other critical aspects.
July 3rd: Piper Sandler will get out of projecting SP500 coverage and price targets. July 9th: Piper Sandler thinks SP500 will drop 10%. July 10th: Just kidding, we are getting out of business of projecting. Man and I thought my gf confuses me, but this is grade A trolling.. https://t.co/6xLh6rnqWZ
"But it’s price targets themselves that are the real problem, not the 2022-2024 market...The average strategist in Bloomberg’s survey often gets the direction of markets right but not very much else..." @JonathanJLevin https://t.co/65cIIC63ZC https://t.co/5FcTKWvduz
Piper Sandler is getting out of the business of projecting where the S&P 500 is heading to the index point, @jonathanjlevin says. History shows such numbers never served investors well anyway https://t.co/eOpg6054kD via @opinion
