UBS forecasts the S&P 500 to as high as 4700
<p>S&P 500 forecasts from analysts at UBS:</p><ul><li>in Q4 the index will remain rangebound, hitting 4500 by the end of 2023</li><li>4700 by June of 2024</li></ul><p>UBS say that:</p><ul><li>resumption of student loan payments</li><li>a cooling labour market</li></ul><p>that will both weigh on economic growth.</p><p>On profit expectations for the median company in the S&P 500</p><ul><li> are up 5.6% since July 2022</li><li>estimates are at or above all-time highs in every sector but energy, healthcare, and materials.</li><li>"The improving profit picture is one of the key reasons that we think the market can hold on to its year-to-date gains"</li></ul>
This article was written by Eamonn Sheridan at www.forexlive.com.
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