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On June 4, 2024, Stifel analysts predict a significant correction for the S&P 500, forecasting a 10% drop to approximately 4,750 by the end of the third quarter of 2024. This projection is driven by persistent inflation and the Federal Reserve's constrained ability to ease monetary policy. The analysts describe the current economic scenario as a 'no-landing' situation with soft growth and moderate stagflation, which limits the Fed's options for rate cuts.
Brace for a 10% slide in the S&P 500 as stagflation makes the Fed unlikely to cut rates, Stifel says https://t.co/ny7QnlMXdu
Stifel note on S&P .. 📉-10% thoughts? Comment below https://t.co/7HNwl4lrWi
STIFEL ANALYSTS EXPECT S&P 500 CORRECTION, ANTICIPATE 10% DROP BY END OF Q3 2024 Stifel analysts expect the S&P 500 to drop 10% to around 4,750 by the end of Q3 2024, driven by high inflation and the Fed's limited ability to ease monetary policy. "We detect a dichotomy between…
