One Bank’s Model Spit Out A Lower S&P Target, So Naturally, They Changed The Model

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
Subscribe or log in to read the rest of this content.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.