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. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
While most Americans are gearing up to eat some turkey, watch the Macy's Thanksgiving parade, and find the best Black Friday discounts, many investors will still be eyeing the market. Luckily for them, the stock market has surprisingly given decent returns if they decided to invest during the week of Thanksgiving. Yahoo Finance Reporter Jared Blikre joins the Live show to break down the numbers and show how historically investing in the market during this holiday can garner some returns sweeter than cranberry sauce. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
In a note, JPMorgan Chase & Co. Strategist Mislav Matejka wrote that diminishing pricing power could sting revenue and margins regardless of contracting growth. Inversely, Citigroup US Equity Strategist Scott Chronert expects profits and his S&P 500 (^GSPC) target to remain resilient into a recession. Yahoo Finance Live compares the two strategists' notes and incorporates third-quarter earnings results into their respective fourth-quarter outlooks. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.