More Wall Street strategists are getting increasingly bullish on the stock market with S&P 500 (^GSPC) point targets of 5,000 in 2024. Simplify Asset Management Chief Strategist Michael Green tells Yahoo Finance that inflows into equity assets don’t “feel like a renewed outbreak of optimism” as traders become overinvested to cover short positions.
“Most people that are in this situation will acknowledge that a lot of this is simply a function of mechanical flows that are either occurring due to passive investments or systematic and algorithmically-driven strategies — there’s very little thought that seems to be going in,” Green explains.
#WallSt #wallstreet #yahoofinance
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So basically he is saying that the market is behaving irrationally and ignoring value metrics.
Which is what it always does: behaves irrationally.
Market didn’t move all week. Never thought the would slow the money up on a holiday and expect people to spend big.
Bullish 🤣🤣🤣🤣🤣
The market was at 4800 2 years ago. Now it’s under 4600. 5000 in 2024 would be all of about 4% higher than it was 3 years prior. 4% growth over a 3 year period = 1.3% growth a year. 2022-2024. Hooray!
I’m opportuned to take guidance and supervision from a prestigous figure on Wall Street’s eyes and ears. It is an exciting time of year after a tough one all round. I made a significant profit with my MSFT holdings recently and have drawn almost 150k for the holidays.
That’s awesome! How did that happen?
Well, a renowned wealth-plannerr in Manhattan I had contacted by name Monica Mary Strigle recently added MSFT to the portfolio, and things took off few days back. Also, there was some interesting speculation.
Speculation? Do tell! I jumped ship earlier and was late to this party.
Altman was to be ousted from OpenAI, got a warm welcome from MSFT. Monica mentioned it was a potential game-changer, and it evidently she was right.
Sam Altman joining MSFT def shaked the market up. How exactly did it impact your MSFT holdings?