The S&P 500 is up 14% year to date. The economists of Societe Generale analyze the prospects of the Index.
AI momentum will continue to increase in the second half
We believe that AI momentum will continue to pick up in the second half and that the S&P’s 500 point rise will not reverse. Accordingly, we raised our year-end target for the S&P 500 from 3,800 to 4,300 points.
We believe the profit margin reversal, credit weakness and sharply rising recession risk will be visible, bringing the S&P 500 back to 3,800 (our S&P 500 recession estimate).
Ultimately, the new mainstream bull market is likely to start with a mild recession, Fed rate cuts, and/or a positive yield curve.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
