2024-03-14 17:02:13 ET
Summary
- A growing number of analysts are beginning to warn of a near-term peak on the S&P 500 Index. However, such warnings generally do more harm than good for investors.
- The S&P 500 Index is experiencing its longest stretch since 2018 without a decline of at least 2%.
- Staying invested, eliminating unnecessary risk, and buying the dips are recommended strategies for navigating the market.
A growing number of Wall Street analysts are beginning to warn of a near-term peak on the S&P 500 Index ( SP500 ). While strategists at JPMorgan have warned that the market is " priced for perfection" and is at risk of a sharp correction, Morgan Stanley is sticking to its year-end target of 4,500 for the S&P 500 Index (around 13% below current levels). However, such warnings generally do more harm than good for less discerning investors....
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S&P 500: Stay Invested, Cut Risk, And Be Ready To Buy The Dips