Economists at Credit Suisse expect equity markets to see reduced headwinds and forecast S&P 500 at 4,700 by June 2024. Modestly positive scenario over
We forecast an acceleration in earnings growth in 2024 after the earnings slowdown in 2023. At the same time, we do not expect valuation multiples to move higher given their already generous levels. Overall, this suggests a modestly positive scenario over the next 12 months, though it will likely be accompanied by volatility.
For the S&P 500 Index, we set our June 2024 target at 4,700, offering a return outlook of approximately 7% from today.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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