The soaring S&P 500 index will probably fail to reach a record peak by the end of the year, according to Stifel’s chief equity strategist Barry Bannister.
“A new high by year-end 2023 is exceptionally unlikely,” Bannister said in a note Tuesday. While equity strategists that he considers “uber-bulls” anticipate the index could hit a record price of around 4,800 by then, Bannister said that level is “still out of reach.”
The…
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