Goldman Sachs strategist Cosimo Codacci-Pisanelli said a year-end rally is possible after a sharp sell-off cut valuations and positioning, with seasonal factors also helping, while Morgan Stanley and JPMorgan issued similar signals. Inflation pressures are building faster than in the Covid era, with the bill due in January.
Goldman Sachs strategist sees scope for a year-end rally in US stocks
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The story so far: Morgan Stanley S&P 500 outlook
Morgan Stanley's Mike Wilson kept his year-end S&P 500 target of 8,000 with tactical downside of 7,100-7,200, warning the correction may deepen. Wilson now says the correction may be nearing its end and recommends adding quality cyclical stocks. Goldman Sachs strategist Codacci-Pisanelli also sees scope for a year-end…
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Goldman Sachs strategist sees scope for a year-end rally in US stocks
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