What is the price of the US bull market? Major US banks are raising their S&P 500 target stock prices one after another!

After a short adjustment period in April, US stocks made another breakthrough in May. The Dow placed in the 40,000 dollar range for the first time in history, the S&P 500 index rose to 5,300 points, and the NASDAQ recorded an increase of 7% or more this month.

Under such circumstances,Major banks on Wall Street are in a hurry to revise their S&P 500 target stock prices. According to MarketWatch, at least 11 Wall Street companies have raised their year-end forecasts for the S&P 500. Furthermore, Mr. Wilson of Morgan S, one of Wall Street's most famous bearish theorists, also withdrew his bearish view, and the S&P 500 Index is expected to rise 2% from current levels by 25/6. It was a major shift from the 15% decline until December, which had previously been anticipated.

There are signs that it will settle into the momentum of the inflation rate, which has shown strength beyond expectations since the beginning of the year. The one announced last weekpaddyConsumer Price Index (CPI) for AprilThe slowdown is mostly as expectedAs a result, retail sales also fell short of market expectations. Vigilance against prolonged monetary tightening has receded drastically.

Meanwhile, the US Leading Economic Index fell 0.6% from the previous month in April, following the 0.3% decline in MarchNegative for 2 consecutive monthsIt became.

Economic headwinds and falling inflation have rekindled expectations for interest rate cuts. The three major indices are from late April onwardsWe are entering a new upward phase. In the midst of that,All 11 sectors of the S&P 500 surpassed the 200-day moving average again last week, which indicates medium- to long-term trends。

According to LSEG data, investors invested 5.78 billion dollars into US stock funds last week, which was the largest inflow of funds in a week since March 20.

What is the S&P 500 forecast for Wilson of Morgan S, one of Wall Street's most famous bearish theorists5400Not only was it raised from the previous 4500, but it is also expected that the highest value will be updated.

BMO's chief investment strategist Brian Belski said his year-end goals for the S&P 5005600It has been raised to, and currently it is among the major Wall Street investment bankstallest。

Deutsche Bank analysts expect S&P 500 earnings this year to reach 258 dollars per share and achieve annual growth of 13%. This forecast exceeds the 11.1% increase in the consensus forecast announced by FactSet. At the same time, the target for the 2024 S&P 500 Index5500It was revised upward.