Stifel: The S&P 500 Will Hit 2,800 By 2026

Stifel: The S&P 500 Will Hit 2,800 By 2026

2017 will be a very happy New Year from all investors if the scenario analysts at Stifel are predicting plays out.

While some Wall Street analysts are cautious on the outlook for equities and the US economy during 2017, Stifel’s analysts believe the S&P 500 will continue to tick higher throughout the year, hitting a high of 2,400 with no chance of a recession until late 2018. The analysts expect the Federal Reserve to continue to increase interest rates throughout 2017 and into 2018 but expect the Fed to ultimately“over-hike” and trigger a slowdown and bear market at a surprisingly low fed funds by 2018-19. Therefore, while a target of 2,400 for...