Stay updated with breaking news from S Ampp 500p E. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Experts such as billionaire investors Jeremy Grantham and Bill Gross have recently suggested US stocks are overvalued. Wharton professor Jeremy Siegel rejects the notion, saying they are in fact "underpriced".
Next year, the S&P 500 could see nearly flat returns, Goldman's David Kostin said, estimating that it could end 2023 at 3,750 to 4,000.
That's the most recent advice from Morgan Stanley's Chief US Equity Strategist Mike Wilson. Wilson is keeping his price target for the S&P 500 at 3,900 — about 1% below the index's closing price on Monday — even though he expects the pace of the economy's recovery to remain strong. Ellen Zentner, his firm's chief US economist, recently raised her forecast for 2021 US GDP to 7.6% from 6.6% because of the large fiscal stimulus that's expected in the form of checks to Americans. So what gives, and why isn't Wilson following suit with a price-target hike? The S&P 500 index has already priced ...
Drew Angerer/Getty Images John Hussman is calling for a 65-70% drop in the S&P 500. He says he sees "fresh deterioration" in a key market indicator. His comments come as stocks sit at record highs amid euphoric investor sentiment. Investors are by now conscious of the heightened risk of a stock-market pullback in the near future, given the euphoric speculation that has continued to drive valuations upwards. Eighty-nine percent of financial professionals surveyed by Deutsche Bank earlier this month said that they saw bubbles in financial markets, and Bank of Ameri...