ICYMI – Credit Suisse raised its S&P 500 year-end forecast to 4,70, from 4050

<p>A boosted forecast for US equities from CS, info comes via Reuters:</p><p>Credit Suisse citing </p><ul><li>a decline in the near-term U.S. recession risk<ul><li>"Our base case is that a recession will be averted, inflation will remain sticky near current levels, and monetary policy will tighten incrementally"</li></ul></li><li>a stronger earnings outlook for the largest technology-related companies<ul><li>raised its 2023 earnings per share estimates to $220 from $215</li><li>raised its 2024 EPS forecast to $237 from $220</li></ul></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.