"What's the market response to the Fed? It may be happening today. We're going to hit the all-time high. Whether we hit it today or next week, we think the [S&P 500] can hit 3,025 by the by the end of the year. That's another 3 or 4%, and that puts us in the clear optimistic camp," said Jonathan Golub, chief U.S. equity strategist at Credit Suisse. "The market is just ripping.
"But if I was really optimistic central banks were going to to really drive this, I would be increasing my numbers...It's not that I'm pessimistic, but a guy who has been the most bullish strategist. In the last five or six years, we were right on that," said Golub. "I'm a little more balanced, in my view than we've been in a long time. For the past month, we've been highlighting decelerating data.
"In 2007, investors were aggressive in their approach and out over their skis, and when it didn't work out, it created the big decline," he said.
hey, , do you think you could give us some actual analysis for why a rate cut is in order, at the same time we are pushing all time highs? What is your job, exactly?
Guess the Fed is only around for the stock market huh
Let’s go JP
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