W

Wall Street is coalescing on a single S&P 500 target. The power of round numbers is irresistible.

Business Management
Share
Wall Street is coalescing on a single S&P 500 target. The power of round numbers is irresistible.

Wall Street, and Main Street, love their round numbers, as at least four strategists have the same 8,000 year-end target on the S&P 500.

Wall Street is coalescing on a single S&P 500 target. The power of round numbers is irresistible.

Source：MarketWatch

Disclaimer：Please read market information rationally and stay aware of investment risks. All content on this site is for informational purposes only and does not constitute investment advice.

Related Reading

Fed’s Waller puts half-point rate hike into the mix for December

Federal Reserve Gov. Chris Waller on Tuesday put the possibility of a halfpoint rate hike into the mix, depending how hot the consumer price data for October…

Coinbase, Kalshi, Kraken parent back CFTC in legal fight over stock perpetual futures

The Capital Markets Alliance argues that the products fall under the Securities and Exchange Commission’s jurisdiction. Source：CoinDesk

BitGo Q3 profit nearly doubles on crypto gains as revenue falls 51%

BitGo’s $71 million unrealized gain on its crypto holdings helped nearly double its net income, but revenue and earnings came in below preliminary analyst…

BlackRock Bitcoin ETF outflows hit $1.66B over seven trading sessions

US spot Bitcoin ETFs shed $201 million Monday, with seven straight sessions of net withdrawals from BlackRock’s IBIT totaling $1.66 billion.…

Source：https://www.marketwatch.com/story/wall-street-is-coalescing-on-a-single-s-p-500-target-the-power-of-round-numbers-is-irresistible-e7934b9b