RBC Calls Itself 'A Nervous And Jumpy Bull' As It Raises S&P 500 Outlook

Benzinga · Jul 3 06:10

RBC Capital Marketsraised its outlook on theS&P 500 Indexfor the second half of this year, but it is doing so with trepidation.

The investment bank lifted its 2024 price target for the S&P 500 from 5,300 to 5,700, calling the move "a nervous raise" on Tuesday.

"The story we see in our data for 2024 is that the stock market has gotten a bit ahead of itself from a valuation perspective, as well as on some of our sentiment work, but that some of our tools (including one of our sentiment models) do still point to the potential for the S...

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RBC Calls Itself 'A Nervous And Jumpy Bull' As It Raises S&P 500 Outlook

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