Top Wall Street strategist explains why he’s abandoning an S&P 500 target
Piper Sandler will no longer release year-end price targets for the S&P 500 (^GSPC) after concluding that the index no longer truly reflects the stock market’s performance. In a video interview on Yahoo Finance, Piper Sandler co-chief investment strategist Michael Kantrowitz explained the firm’s reasoning. “In the last few months, as I was trying to