Yahoo Finance published this video item, entitled “S&P 500 isn’t ‘the same as it was in 1940’: Strategist” – below is their description.
“Citi expects the S&P 500 (^GSPC) to reach a 5,100 year-end point target for 2024, just one of many bullish forecasts for next year issued by strategists.
Citi US Equity Strategist Drew Pettit joins Yahoo Finance Live to break down the relationship between the US economy and earnings growth heading forward into the new year.
“”The S&P isn’t the economy,”” Pettit says, adding: “”but we’re getting a lot of productivity gains, which helps push earnings higher even if we have a macro slowdown. This is definitely something that is more concentrated in the S&P compared to what we have seen in more cyclical sectors or even when we move down into small cap.””
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