Deutsche Bank expects S&P500 to hit record 5,100 points by the end of 2024



11/28/2023 9:12 AM


A team of experts at Deutsche Bank Group AG forecasts that the stock index S&P 500 will reach a record 5,100 points by the end of 2024, which is 12% above its current level.



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Weakening US inflation and rising corporate profits are anticipated to provide support for the US stock market.

Analysts at Deutsche Bank observe that although economic growth is resilient, core inflation in the United States is decreasing.

According to a survey of experts, "More easing will restore inflation to pre-recession levels without necessitating a slowdown in GDP growth."

They observe that the US economy's recession would be mild and transitory should it occur. Analysts believe that the stock market may only see a slight and temporary decline in this regard.

In the event that the economy experiences a mild and brief recession, corporate profits in the United States are expected to grow by 10% in 2019, according to Deutsche Bank Chief Global Markets Strategist Bankim Chadha. Corporate profits in the US could increase by 19% if a recession is avoided.

source: cnn.com

 


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