From Yahoo Finance: 2025-06-09 13:25:00

Wall Street strategists remain optimistic despite signs of a cooling labor market and slowing economic activity. S&P 500 year-end targets range from 6,300 to 6,500. Morgan Stanley’s CIO notes a moderate growth slowdown is already priced in. Softening economic data includes the private sector adding only 37,000 jobs in May.

Goldman Sachs research suggests soft data typically hits its cycle bottom before hard data. Recent data shows a rebound in the Conference Board’s future expectations index. Inflation expectations decrease for the first time this year. Citi’s equity strategist boosts S&P 500 target to 6,300, citing easing tariff uncertainty and stabilized economic growth forecasts.

Citi’s strategist anticipates more growth in the market, particularly in tech stocks, as peak tariff uncertainty has likely passed. Consensus projects US economy to grow at an annualized pace of 1.4% in 2025. The key risk is if economic growth data slows more than expected. Growth preference continues, especially in the AI sector.



Read more at Yahoo Finance: The bull case for stocks is growing among Wall Street strategists