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BofA’s Subramanian Sees S&P 5,000 In 2024
5,000. And a new record high.
That's what BofA's Savita Subramanian sees for the S&P 500 in 2024.
Subramanian on Tuesday said BofA's equities team is bullish "not because we expect the Fed to cut, but because of what the Fed has accomplished."
Corporate America, meanwhile, has acclimated to the new macro-policy regime. "Companies have adapted (as they are wont to do) to higher rates and inflation," Subramanian wrote, on the way to listing addition reasons to like stocks and particularly c
This is fantastic “news”!
What I am going to need a lot of help with is identifying that future point in time Subramanian describes as follows;
“Bull markets typically end with high conviction and euphoria — we are far from that.” I tend to just keep holding…..and I have something on the radar that I want to do with some of my savings in 2024/25.