The tide seems to have turned since 2022 — markets have been rallying since the start of the year. But investors are wondering how long that will last. Stocks rallied after U.S. Federal Reserve Chairman Jerome Powell said the disinflationary process has started . And all three major Wall Street indexes finished the day up on Tuesday despite his warning that more interest rate hikes are still likely. But is this just a bear market rally or the start of a bull market ? Analysts are divided.
" The S & P 500 could hit 4,500 by the end of the year, he added — that represents about 8% potential upside from Tuesday's close. He also highlighted the fall in energy prices, which he told CNBC earlier this week will "bleed through to core CPI and [Personal Consumption Expenditures Price Index] over the next few quarters." But markets could go through some range-bound trading before a "big rally," Hatfield told CNBC Pro.
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