Expert: This is where the S&P 500 is going next
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According to a report in the AFR, analysts at investment bank HSBC have raised their S&P 500 forecasts. HSBC now predicts that the S&P 500 will reach 5,400 points by the end of 2024, a 3.8% increase from its current level. The target is based on expectations of higher company earnings, resilient GDP growth, and positive sentiment. HSBC also has a 'bull case' scenario where the S&P 500 could reach 5,700 points if there is above-trend GDP growth with subdued inflation. However, if the US economy runs 'too hot' and inflation rises, HSBC sees the S&P 500 finishing 2024 at 4,800 points.

#S&p500 #Hsbc #StockMarket #Forecasts

https://www.fool.com.au/2024/03/27/expert-this-is-where-the-sp-500-is-going-next/