
Mary Ann Bartels, Chief Investment Strategist at Sanctuary Wealth, forecasts that the S&P 500 Index will reach 6,000 by the end of 2024, attributing this prediction to a potential 'relief rally' following the conclusion of the presidential race. Goldman Sachs also supports this optimistic outlook, suggesting that the index could hit 'well north' of 6,000 amid growing stock market enthusiasm. Despite a recent dip in stock prices, analysts note that the market remains close to record highs, driven by investor optimism regarding the Federal Reserve's policies, the economy, and interest rates, independent of the upcoming election results. The current rally is noted as the strongest in nearly three decades, prompting Wall Street strategists to revise their forecasts upward significantly.
S&P 500 to hit 'well north' of 6,000 by the end of 2024 amid stock FOMO: Goldman https://t.co/xXpazWRK7A https://t.co/rFxY70IsJO
Wall Street strategists are rushing to ratchet up their US stock-market forecasts as equities stage the strongest rally in nearly three decades, blowing past previous targets to hit fresh record highs. https://t.co/nUeCARPqhE
Stocks are down today but not far from their record highs. What's behind the recent rally? It's not the election. Investors are excited about the Fed, economy and interest rates. That won't change no matter who wins next month. My story for @barronsonline. https://t.co/1TyjBhMmuA
