S&P 500 Index set to return to its trading range of 3,500-4,200 – SocGen

FXStreet Insights Team FXStreet

The S&P 500 has rallied 20% from its recent October 2022 low. Economists at Société Générale analyze S&P 500 Index outlook.

Avoiding Small Caps, Financials and Value stocks

We expect the S&P 500 to return to its trading range of 3,500-4,200 as 2H should see slowing profit margins, credit weakness and rising inflation uncertainty as the impact of easy base effects dissipates.

Prefer Defensive Growth, Staples and Industrials while avoiding Small Caps, Financials and Value stocks.

See – S&P 500 Index: Key resistance at 4,312/4,325 to cap – Credit Suisse

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FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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