S&P 500 May Have Another 24% to Fall, 150 Years of Market History Shows (DE.SXR8) - 24 iunie 2022

  The firm computed 3,020 as fair value for the S&P 500, in line with its historical post-crisis market valuation trendline. The index gained about 1% on Thursday to 3,796, after Federal Reserve Chair Jerome Powell said in House testimony that his commitment to bring down price increases is “unconditional.”  The S&P 500 has tumbled about 20% this year amid building recession worries as the Fed has boosted borrowing costs to combat inflation. To be sure, not everyone is as bearish. John Stoltzfus, chief investment strategist at Oppenheimer & Co., said Tuesday that he’s sticking to a January forecast that the benchmark will end the year at 5,330 -- a whopping 40% above Thursday’s close.

https://finance.yahoo.com/news/p-500-may-another-24-204356105.html