Powell Says No to Market Rescue: S&P 500 May Head to 5000?
Citi equity strategists have downgraded their rating on the U.S. stock market, citing recent developments such as Deepseek, Europe’s fiscal stance, ad rising trade tensions as reinforcing their view on diversifying investments outside the U.S. market.
“From both GDP and EPS perspectives, the drivers of the 'exceptionalism' narrative are fading,” noted the bank’s strategists, including Beata Manthey. The U.S. stock market rating has been lowered from Overweight to Neutral.
Is it a double bottom coming?
What's your target price for S&P 500?
Will it head for 5000 or lower?