The new target level is roughly 3.5% from the close yesterday. I reckon as major central banks are all pivoting to the sidelines now, it adds to the upside bias for stocks. But keep an eye out on the bond market of course, as well as oil prices.
BofA revises higher S&P 500 year-end forecast by 7% to 4,600
- The firm previously saw the year-end target for the S&P 500 at 4,300
