NewsMV
Wall Street strategists are projecting a rise in equities by year-end, attributing the outlook to strong artificial intelligence-driven earnings and favorable historical trends associated with midterm election years.
This optimism persists even as bond yields remain near 24-year highs, creating a mixed environment for investors.
Truist chief investment officer Keith Lerner described the path of least resistance into year-end as higher.
He noted that Wall Street expects S&P 500 earnings to jump 30% year over year, with major banks set to begin a quarterly reporting season that could prove to be blockbuster.
Keep reading