With tech-led sectors surging a snippet from RBC shows analysts at the firm are looking for the benchmark US index to finish the year with an around 10% gain.
- year-end target for the S&P 500 is 4,250
- their target was previously at 4,100
- 2023 S&P 500 EPS forecast raised to US$213 from US$200
- case against US equities relative to non-US equities has been overstated
- Small Caps are at an attractive entry point
---
That 4250 level is not far from where the index is currently sitting:
(This chart is from our charting app, which is free and can be found at this link)
