Goldman Sachs just cut their S&P target to 4,700 for end of
2022 the other day.
I came into 2022 with 5,000 as my top end and 4,000 as my low
end with a comment that we could overshoot based on market
conditions. I was looking for a 10-15% correction and we got to 12%
at 4,220s. I believe 4,095 is the 15% number, which coincides
nicely with the gap at 4,020-34.
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SPX, shows how tough 2022
Posted by fundamentalvalues on 16th of Mar 2022 at 06:34 am
SPX, shows how tough 2022 has been to call. Look at the possible range from Evercore ISI's analyst. (best case) 5,509 and 3,575 (worst case):
https://www.cnbc.com/2022/01/10/dot-com-bubble-dynamic-may-drive-sp-500-above-5500-julian-emanuel.html
Goldman Sachs just cut their S&P target to 4,700 for end of 2022 the other day.
I came into 2022 with 5,000 as my top end and 4,000 as my low end with a comment that we could overshoot based on market conditions. I was looking for a 10-15% correction and we got to 12% at 4,220s. I believe 4,095 is the 15% number, which coincides nicely with the gap at 4,020-34.