News about Stock market

DEUTSCHE: “.. We see the earnings cycle having plenty of legs. .. Macro upgrades likely have further to go. .. we raised our base case for $SPX EPS from $250 to $258 (+13% vs 2023) .. Adopting the top of the range as our year-end target: S&P 500 at 5500.” [Chadha] 🇺🇸 pic.twitter.com/AzJDV5ZIym

MORGAN STANLEY: “.. it doesn't matter what we think but what the market thinks and it's clear that last week's data has given the markets more confidence in the ‘soft landing"/"Goldilocks’ outcome.” [Wilson] Ups 12-month $SPX target to 5400 pic.twitter.com/OLdXA8aPd0

% of members in S&P 500 making a new 52-week high has started to hook back higher (into double-digit territory) pic.twitter.com/lPm3gkz7mo

The S&P 500 ended the day at a new all-time high, its 24th of the year. Over the last 12 years, the S&P 500 has hit 371 all-time highs, which is more than any 12-year period in history. $SPX bilello.blog/newsletter pic.twitter.com/Acy3AJjD6n