Another Bank Raises S&P Forecasts On ‘Strongest GDP In 35 Years’

Another Bank Raises S&P Forecasts On ‘Strongest GDP In 35 Years’

"With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years," Credit Suisse's Jonathan Golub wrote Tuesday, in the course of hiking his S&P target to 4,300. As of early January, the bank's target was 4,050. A previous upgrade took it to 4,200. The latest upward revision implies upside of nearly 11% for the benchmark. What's the rationale for this latest incremental optimis
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