May 22, 2024
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Finance

Wall Street just gave its highest forecast yet for the S&P

  • May 15, 2024

Wall Street’s high mark for stock market returns in 2024 keeps moving up. BMO Capital Markets chief investment strategist Brian Belski boosted his year-end price target for the S&P 500 (^GSPC) to 5,600 from 5,100 in a research note on Wednesday, noting that momentum in the market is “likely to persist.” Belski’s 5,600 target reflects

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Finance

High rates haven’t always been a problem for stocks

  • April 18, 2024

Rising bond yields have been a key catalyst for stock drawdowns over the past year. But higher rates haven’t always been bad for stocks. In an analysis going back to 1990, BMO Capital Markets chief investment strategist Brian Belski found the S&P 500 (^GSPC) delivered an average annual return of 7.7% in months when the

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