Citi is not buying the market breakout, says S&P 500 to retreat to 4,000

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Citi's Scott Chronert believes the broad market index is due for a pullback later this year.

The S & P 500 's recent rally has many investors convinced the bear market is drawing to a close, but Citi's Scott Chronert isn't convinced. The broad market index has surpassed the key 4,300 threshold in recent days, rallying more than 20% off its October low. Chronert, U.S. equity strategist at Citi, isn't buying the rally. He is maintaining his full-year S & P 500 target of 4,000 as he forecasts a pullback in the second half of 2023.

So, this is not a broader market move. This is a very narrow move," he said Tuesday on CNBC's " Squawk on the Street ." Citi isn't the only Wall Street firm that expects a market pullback later this year. According to CNBC Pro's Market Strategist Survey , Barclays, Morgan Stanley and UBS are forecasting the broad market index to fall below 4,000 at year-end. Chronert anticipates the market to take an upward trajectory in the first half of next year.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 12. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

The 2023 Fortune 500 list is out: These are Northeast Ohio biggest companiesICYMI: 10 Northeast Ohio companies made the Fortune 500 list this year.
ソース: clevelanddotcom - 🏆 301. / 63 続きを読む »