The note upgrades US equities to a Buy, targeting 7,787 for the S&P 500 by year-end. It cites falling oil prices, transitory inflation, and weaker labor data as reducing the risk of imminent rate hikes. Overall, the setup is viewed as supportive for equities despite recent macro uncertainty.
The note upgrades US equities to a Buy, targeting 7,787 for the S&P 500 by year-end. It cites falling oil prices, transitory inflation, and weaker labor data as reducing the risk of imminent rate hikes. Overall, the setup is viewed as supportive for equities despite recent macro uncertainty.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.40
