S&P 500 to test 2250 by 2016 end – Deutsche Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 31, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Delhi) - Research Team at Deutsche Bank, suggests that their S&P 500 target is for 2250 for 2016 end, representing 5-10% upside.

    Key Quotes

    “Health Care and Tech – which represent more than one-third of the S&P 500 – are why we are reasonably bullish for 2016, while Energy and Industrials remain a significant concern. Most of the rest of the market, both the S&P and the Russell 2000, seems fully valued except a few big Banks, Utilities, Airlines, and some of our specific stock picks. We do not believe that a recession looms or that S&P profits will fall again in 2016.”

    “We also do not expect the S&P will suffer a bear market or a sharp correction. But there are a number of key risks for equities: any further dollar gains must be slow, wage gains must be accompanied by better productivity, and the rise in yields as the Fed hikes must be gradual and contained.”
    For more information, read our latest forex news.

Share This Page

free forex signals