S&P 500 Index: Year-end 2023 target of 4500 – Deutsche Bank
|Economists at Deutsche Bank expect the S&P 500 Index to fall towards 3250 in the third quarter. However, the index is expected to move back higher to end the year at 4500.
Current bear market rally to continue through Q1 into Q2
“In the short term, we see the current bear market rally continuing through Q1 into Q2.”
“After a flat performance in Q2 as recession concerns build, equities will then fall significantly in Q3 as the recession begins, with the S&P 500 falling to 3250.”
“We expect the S&P to bottom half-way through the recession and recover the decline during Q4, reaching 4500 by 2023 year-end.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.