Stocks were so volatile this week some analysts have started pulling their S&P 500 targets | Markets Insider

fueled by the coronavirus pandemic. Amid increased market volatility, some Wall Street analysts have started pulling targets for the S&P 500, saying it's too difficult to predict the future during a period of such high uncertainty.

Stoltzfus said that Oppenheimer will start the S&P 500 forecast again when the length of the"hard stop" of the US economy can be determined, he said. Canaccord Genuity analyst Tony Dwyer also pulled his S&P 500 target for the year, saying it's impossible to assess the economic impact until there's a peak in coronavirus cases,Bill Miller's fund crushed the market for a record 15 straight years.

Abandoning earnings forecasts makes it difficult for analysts to do any modeling of their own, as many look at price-to-earnings ratios to value companies.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'The situation is about to get worse': Stocks slide as surging US unemployment and coronavirus cases stifle stimulus hopes | Markets InsiderStocks fell on Friday as surging unemployment and novel coronavirus cases in the US overpowered hopes for a $2 trillion stimulus bill to mitigat...
Source: BusinessInsider - 🏆 729. / 51 Read more »