Why the S&P 500 Rally Can Continue, According to Credit Suisse

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Equity strategist Anthony Golub sees the index heading to 3025, based on expanding valuation multiples. Many fund managers haven’t re-risked their portfolios, he writes.

The market’s double-digit percentage rally so far this year has more to go as investor sentiment rises, according to Credit Suisse.

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“Our work indicates that investors have not fully re-risked portfolios following 4Q’s turbulence—despite a sharp decline in volatility and spreads—and that valuations will drift higher as they do so,” he wrote in the report.

 

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The biggest head wind is emerging political chaos around Trump & forces opposing him. USG will be paralyzed till 2021! Golub ignoring it!

Interesting to see what will happen if the Fed cuts back rates this year.

when valuations no longer matter, might as well just keep buying... nothing about this market makes sense!

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Credit Suisse raises S&P 500 forecast, sees 20% gain for 2019Underneath the stock market's epic rebound has been a 'more favorable' trend that Credit Suisse says will drive the market higher. ~7% to go!!!! $SPX 😆😆😆😆😆😆😆😆 Not going to happen. CNBC rubbish reporting of pumping continues. Have you said ONCE that valuations are back into Trillions, that Federal Private and corporate debt is out of proportion, and that economic stagnation in EU and China is felt in usa via retail and housing slowdown?! jimcramer
Source: CNBC - 🏆 12. / 72 Read more »