Veteran fund manager unveils eye-popping S&P 500 forecast
A hedge fund manager with over 40 years of experience resets his S&P 500 outlook.
Given the S&P 500's dramatic high-tail-up at some stage in the last two years, it may perhaps be exhausting to endure in thoughts, but, in December 2022, many anticipated shares to stumble.
As a consequence, the S&P 500's support-to-support 20% plus good points in 2023 and 2024 caught many Wall Avenue analysts flat-footed, sending them scrambling to ramp forecasts and outlooks.
While they were left chasing, proving over again that most Wall Avenue analysts are dull to the celebration, hedge fund supervisor Doug Kass wasn't panicked by the stock market's impressive pass better.
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