From Dow Jones & Company:



Some investment strategists were highlighted by Barron’s, with the highest S&P 500 price index target set at 5,400, while Morgan Stanley’s target is lower at 4,500. The bullish team is confident in the economy’s strength and has raised expectations for the bull market through 2024 and 2025.

Interest rates have returned to normal, and consumer purchasing power remains strong as the labor market continues to grow. American households hold a record-high net worth and possess plenty of liquid assets that could be used for investment. Onshoring, strong demand for labor, and an uptick in corporate cash flow are also contributing factors to the bullish team’s positive outlook.

Inflation is described as transitory and beneficial to the economy, while the high-tech revolution is boosting productivity and driving growth in various industries. Overall, the team believes that the bull market has staying power and is confident in a “Roaring 2020s” scenario, with a target S&P 500 price index of 6,000 in 2025.



Read more: Opinion: Ed Yardeni: 12 reasons stock investors will see the S&P 500 hit 5,400 in 2024