S&P 500 risks tilt to the upside, strategists say
Timothy MooreBefore the Bell editor
The S&P 500 is poised to reset its record high, repeatedly, over the next few months as the Federal Reserve’s pivot to cutting interest rates bolsters the economy and corporate profits, according to market strategists.
“Economic growth is what you need for profit growth, and that’s what drives returns,” Carson Group’s Sonu Varghese said in a note. “The new record is not a ‘sugar high’ by any means.”
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Timothy Moore writes on monetary policy, equities, commodities and currencies. He is the overnight markets editor and writes Before the Bell. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
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