Stocks Look Overbought So The S&P 500 Is On Track To Hit 7,000: BAMLRupert Hargreaves
According to Bank of America's Chief Investment Strategist Michael Hartnett, if the S&P 500 continues to rally as it has done for the first few weeks of the year, by the end of 2018, the index will have surpassed 6,000. Only a few weeks (and around 100 S&P points later) after Hartnett publish this staggering observation, BoA Investment Strategist James Barty re-ran the numbers and concluded that a target of 7,000 is now more appropriate. After taking into account this forecast, it . . .
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