Dinar Detectives - Iraqi Dinar Recaps from Dinar Guru and Intel
  • Home
  • News
  • Dinar Guru
    • Judy Byington
    • MarkZ
    • Ninja
    • TNT
    • FRANK26
    • Bruce
    • KTFA
    • Mnt Goat
    • Pimpy
    • Militia Man
    • Nader
  • Video
  • Audio
  • Contact
No Result
View All Result
Dinar Detectives - Iraqi Dinar Recaps from Dinar Guru and Intel
  • Home
  • News
  • Dinar Guru
    • Judy Byington
    • MarkZ
    • Ninja
    • TNT
    • FRANK26
    • Bruce
    • KTFA
    • Mnt Goat
    • Pimpy
    • Militia Man
    • Nader
  • Video
  • Audio
  • Contact
No Result
View All Result
Dinar Detectives - Iraqi Dinar Recaps from Dinar Guru and Intel
No Result
View All Result
  • Home
  • News
  • Dinar Guru
  • Video
  • Audio
  • Contact
Home US Stock Market

S&P 500 at 5400 is ‘probable and even conservative’ – Oppenheimer

January 2, 2024
in US Stock Market
Share on FacebookShare on Twitter

Oppenheimer Asset Management analysts suggest that a pause in the market rally would be reasonable after the robust gains witnessed in the fourth quarter of 2023.

Analysts note that it’s not uncommon for markets to take a breather following a substantial bull run, such as the one experienced from October through December.

Investors may naturally seize this opportunity to evaluate recent movements, emphasizing the market’s dependence on data until the fourth-quarter earnings season kicks off on January 12 with major banks reporting results.

Despite the potential pause, analysts remain optimistic, anticipating further upside in stock prices throughout the year, supported by improvements in fundamentals.

Notably, a record high for the S&P 500 could serve as a catalyst for additional gains, enhancing overall market sentiment.

Along these lines, analysts at Oppenheimer believe the S&P 500 is “conservatively undervalued below 5,400”.

“Our analysis indicates year-2 of the bull cycle is underway, and this road map leads us to expect upside into S&P 5,400,” analysts said.

“The 37% gain since Oct. 2022 is on par with typical returns following a non-recessionary reset, and the median return between months 15 and 27 (Dec. 2023 to Dec. 2024) has been 13% which is the basis for our expectation for S&P 5,400.”

“Many of our Big Numbers for 2024 confirms 5,400 as a probable, and even conservative, target based on a variety of historical studies. We see 4,600 as downside risk to start the year.”

The S&P 500 closed 2023 at 4,769.83.

https://www.investing.com/news/stock-market-news/sp-500-at-5400-is-probable-and-even-conservative–oppenheimer-3265591

Tags: ‘probable5005400andconservativeevenmarketMarkzoppenheimers&pstock
Previous Post

Biden and Trump are poised for a potential rematch that could shake American politics

Next Post

US stocks slip lower; Tesla down on increased Chinese competition

Related Posts

Dow Jones, Nasdaq, S&P 500 weekly preview: How far can this rally go?

Dow Jones, Nasdaq, S&P 500 weekly preview: How far can this rally go?

February 26, 2024
U.S. stocks edge higher, consolidating ahead of key inflation data

U.S. stocks edge higher, consolidating ahead of key inflation data

February 26, 2024

Wall St notches second lower close as 2024 starts with profit-taking

January 3, 2024

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.76%

January 3, 2024

US stocks slip lower; Tesla down on increased Chinese competition

January 2, 2024

Wells Fargo says S&P 500 ‘will struggle to post gains early in 2024’

December 29, 2023

At Dinar Detectives, we provide daily dinar updates and dinar recaps, featuring insights from popular dinar gurus. Stay informed with our comprehensive coverage of the latest dinar chronicles and gain valuable insights from dinar guru opinions.

Links

  • Home
  • News
  • Video
  • Audio

Useful

  • Privacy Policy
  • Disclaimer
  • Resources

Investment Indicator
Dinar Tube
Crypto Recaps

  • Privacy Policy
  • Disclaimer
  • Resources

© Dinar Detectives. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • Dinar Guru
    • Judy Byington
    • MarkZ
    • Ninja
    • TNT
    • FRANK26
    • Bruce
    • KTFA
    • Mnt Goat
    • Pimpy
    • Militia Man
    • Nader
  • Video
  • Audio
  • Contact

© Dinar Detectives. All Rights Reserved