FYI: NEW YORK (Reuters) - The 4.5 percent drop in the benchmark S&P 500 over the last five days has not dented strategists’ expectations for mild to moderate gains in the U.S. stock market by the end of the year, with corporate earnings and interest rates not expected to derail equities.
Traders high five at the end of the trading day at the New York Stock Exchange in New York City, U.S. February 6, 2018. REUTERS/Brendan McDermid
Only one of the more than 10 U.S. equity strategists contacted by Reuters on Tuesday has lowered their year-end target for the S&P 500. The S&P 500 rose 1.7 percent, to 2,695, on Tuesday, one day after posting its largest one-day loss in more than six years.
Regards,
Ted
https://www.reuters.com/article/us-usa-stocks-forecasts/strategists-still-see-year-end-gains-in-u-s-stocks-despite-selloff-idUSKBN1FQ3BB
