Société Générale economists predict that the S&P 500 Index will trade between 3,500 and 4,200.
Marginally down to 3,800 by the end of the year
1Q23: The peak for this year was 4,200 in the first quarter (earlier China-boom than anticipated, but not a straight-line growth).
“2Q23: 3,500 on higher Fed expectations, unclear inflation starting in June, and EPS decline.”
“Could see 3,800 as Fed peaks, US 10y yield visibly down, timing rate-cuts talks pick-up again, unemployment claims should climb” in the third and fourth quarters of this year.
Source: Team CurrencyVeda
