Wall Street can’t keep up with the market: Morning Brief

SourceYahoo News
SectorFinancial Markets
CountryMiddle east

Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Yahoo FinanceWall Street can’t keep up with the market: Morning BriefMyles Udland·AnchorMay 4, 2021, 2:57 AM·6 min readOops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.

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Tuesday, May 4, 2021

Price targets and economic forecasts fall behind

Readers of the Morning Brief know investor expectations were high ahead of earnings season, that companies have topped expectations at a record rate, and that the economy is firing on all cylinders. 

And these events have pushed Wall Street strategists back into another theme we’ve written about in this space for the last few months — trying to keep up with the market. 

Late last week, Credit Suisse chief equity strategist Jonathan Golub raised his price target for the S&P 500 to 4,600 from 4,300, writing that a “red...read more...