S&P 500 Index to peak in 2019 – BofA Merrill Lynch

Sandeep Kanihama FXStreet Contributor

According to analysts at Bank of America Merrill Lynch, US earnings growth is likely to slow in 2019, even though the near-term outlook remains somewhat positive.

Key Quotes

“The Standard and Poor’s 500 Index is expected to peak at or slightly above 3,000 before settling in at a year-end target of 2,900. We forecast earnings per share (EPS) growth of 5 percent, which would put the S&P 500 EPS at a record high of $170 next year.”

“Our U.S. equity strategists are overweight health care, technology, utilities, financials and industrials, and underweight consumer discretionary, communication services and real estate.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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