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One Bank’s Model Spit Out A Lower S&P Target, So Naturally, They Changed The Model
You can count Barclays in the camp that thinks the U.S. equity rally has further to run through year end.
Earlier this week, the S&P pushed to a fresh all-time high amid a five-day losing streak in the dollar, which helped reignite global risk sentiment.
Why mention the dollar there? Well, because going forward, a weaker dollar could indirectly help sustain the stateside rally by helping to mitigate the headwinds facing ex-U.S. assets and thereby heading off a scenario where international
