Tag: Russell 2000 Index
Citi sees a big year for stocks in 2024 with S&P 500 finishing at 5,100
[ad_1] This year’s broader market rally isn’t over just yet, according to Citi. “We look for further S & P 500 upside in the year ahead. However, investors need to be prepared for changing conditions as 2024 unfolds,” market strategist Scott Chronert wrote in a Friday note. “Following the strong Q4 2023 rally, pullbacks should be expected, and bought into, as a shifting Fed narrative unfolds.” Citi set a year-end target of 5,100 for the S & P 500, dependent on a $245 earnings per share estimate for the index. Looking ahead, however, the firm lowered its mid-2024 target to ... Read more