And to place issues into perspective, Jefferies had solely beforehand raised their year-end goal for the S&P 500 to five,600 earlier than this again on the finish of July. So, that is two huge bumps to their forecast in only a month or so. Amid Fed chair Powell’s dovish tilt on the finish of final week, it looks as if the Fed put is again in enterprise.
This text was written by Justin Low at investinglive.com.
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