A growing number of banks are also reporting that they're tightening lending standards as they try to keep liquidity levels up following the closures of three US banks this year. Here's the results of the Fed's Senior Loan Officer Survey, which shows 46% of banks now tightening standards.Kantrowitz's 3,225 call is the lowest 2023 S&P 500 price target among major Wall Street strategists.
has a year-end target of 3,900, but still sees a drop to somewhere between 3,000-3,300 in the meantime. Wilson was the most accurate forecaster among major strategists in 2022. "A very healthy reacceleration is baked into 2H consensus earnings estimates . This flies directly in the face of our forecasts, which continue to point materially lower," Wilson said in a note in May.
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