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S&P Set to Hit 6,000 This Year Before Big Drop: Stifel
By
Janet Levaux
News June 20, 2024 at 02:55 PM
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What You Need To Know
- Euphoria among investors is set to propel shares higher before they eventually plunge, says says strategist Barry Bannister.
- But his official year-end S&P 500 target stands at 4,750, implying a drop of some 13% from today.
- Some on Wall Street warn the market is overbought and the strength too narrowly concentrated.
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