Mark It 5,200
On the heels of a massive three-day rally on Wall Street, analysts are raising their 2022 year-end S&P targets.
That's a joke. I mean, it's technically true, but the implication (that just-released targets for the benchmark are being revised higher in real time based on daily swings) is misleading. Banks typically project the index at least a couple of years out, so there were 2022 targets for the S&P long before this year's batch of year-ahead outlooks made the rounds.
Nevertheless, I
Does that make dumb money thats been in btfd mode the smart money?
The eternal question that haunts every PM on the planet: “What if I’m the dumb money?”
“I’ll see your 5,000 (oh wait, that was my bet!) and raise you 200…..and pass me the bottle of Jack!!!”
H-Man,
The variables shrink — Omicron is going to the back of the bus. Not sure about the treasury comment. Current debt 28T Government owned debt 6T. Private investors 16T. The 6T Govies will sit. The 16T in Private will move to higher rates.
Just up to the Fed to raise the rates.