Citi has a 4,800 target for the S&P 500 at mid-year, then to 5,100 by year end

<p>CNBC on a note from a Citi analyst on the benchmark US equity index. </p><ul><li>“Following the strong Q4 2023 rally, pullbacks should be expected, and bought into, as a shifting Fed narrative unfolds”</li><li>mid-year target of 4,800 for the S&amp;P 500</li><li>year-end target of 5,100</li></ul><p>Says key to equity market performance in 2024 will be market broadening, with a clear cluster of leaders outperforming lagging stocks. </p><ul><li>is overweight cyclical stocks over defensive counterparts</li></ul>

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