UBS pushes out S&P 500 mid-2024 target forecast to year-end

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UBS pushes out S&P 500 mid-2024 target forecast to year-end
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The brokerage, in a note dated Oct. 13, said it now expects the benchmark index to hit 4,500 points by mid-2024, which implies an increase of about 4% from...

- UBS said it now expects the S&P 500 to hit 4,700 points only by December 2024, instead of the middle of the year as it forecast earlier, due to expectations of higher-for-longer U.S. interest rates.

The Federal Reserve has raised the benchmark interest rate by 525 basis points since it started its aggressive battle against inflation in March last year. "While valuations are high relative to history, they are reasonable in the context of low unemployment and falling inflation."Alimentation Couche Tard stock has a very high dividend-growth rate. It may be helpful in supplementing your CPP benefits. The post Here’s the Average CPP Benefit at Age 60 appeared first on The Motley Fool Canada.

'We won't be able to uninvent it': Warren Buffett is 'worried' about AI technology, comparing it to the atom bomb — but he's still betting big on these 3 artificial intelligence stocks -- A triumvirate of high oil prices, a surging dollar and geopolitical instability are set to weigh on India and Indonesia among Asia’s emerging markets, while energy exporter Malaysia may prove a rare beneficiary.

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