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The S&P, The Economy And Joe Biden’s 2024 Odds
It'll be all about sequencing for the S&P next year.
That was one message from SocGen's year-ahead outlook for US equities. "The journey is likely to be fraught with uncertainty, especially around mid-year," the bank's Manish Kabra wrote, retaining his 4,750 year-end 2024 target for the world's benchmark risk asset par excellence.
Note that 4,750 would entail the S&P "flirting" (as one mainstream media outlet put it Monday, editorializing around SocGen's forecasts) with record highs se
I wonder how GS’s analysis of economy/election impact timing would change if 1992 were dropped out of the sample.
S&P might get $4750 by 2023 year end with this buying frenzy.