Wall Street veterans predict flat or negative stock market returns by year-end, with multiple 10% corrections and S&P 500 at 4,500.
Wall Street veterans predict a disappointing summer for the stock market, with stocks more likely to post flat or negative returns by the end of the year. Market analyst David Morrison cautions that stocks are already expensive, making it difficult to imagine the market moving higher from here. He foresees multiple sharp corrections of at least 10%, with the S&P 500 ending around 4,500.
May 18, 2024
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