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    S&P 500 has the potential to rise to around 5,300 this year – UBS

    Source Fxstreet
    Feb 8, 2024 15:54

    The S&P 500 came close to rising above 5,000 for the first time on Wednesday. Economists at UBS see the potential for further gains.

    Potential for a period of continued stronger growth, tame inflation, and swifter monetary easing

    Our base case remains for a soft landing for the US economy, with the S&P 500 ending the year around current levels. However, recent economic data have highlighted the potential for a period of continued stronger growth, tame inflation, and swifter monetary easing. In this event, we believe the S&P 500 has the potential to rise to around 5,300 this year. 

    We believe this would be a particularly positive outcome for small-cap stocks, which benefit more from Fed easing given their greater reliance on floating-rate debt.

     

    Disclaimer: For information purposes only. Past performance is not indicative of future results.
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