Credit Suisse raises S&P 500 forecast, sees 20% gain for 2019

Credit Suisse raised its year-end forecast for the S&P 500 to $3,025 from $2,925.

The bank's chief U.S. equity strategist Jonathan Golub said the "receding" risks will drive the market higher.

"Less hawkish comments from the Fed, declining inflation and recession fears, and the potential for a resolution to China trade issues are the primary forces driving volatility and spreads lower, and stocks higher," Golub said.

https://www.cnbc.com/2019/03/18/credit-suisse-raises-sp-500-forecast-sees-20percent-gain-for-2019.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

Submitted March 18, 2019 at 11:00AM by NineteenEighty9 https://ift.tt/2Fdoqkk