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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
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    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.”
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