Politics Mean Strategists Are In Wait-And-See Mode [zero hedge]
S&P Global Inc. (SPGI)
Last s&p global inc. earnings: 4/28 07:10 am
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Source: zero hedge
Politics Mean Strategists Are In Wait-And-See Mode By Michael Msika, Bloomberg Markets Live reporter and strategist European stocks don’t have any upside left in the tank, according to strategists, who are adopting a wait-and-see stance ahead of elections in France that could bring big changes for economic policy. The Stoxx Europe 600 will end the year at 517 points — around where it closed on Friday — according to the average estimate in a poll of 16 strategists . After an advance of about 8% this year, they’re wary of predicting more gains in a second half that includes the potential for political instability in France, a possible change in power in the UK and a US election where trade is a hot-button issue. The average estimate has moved up a little from last month’s forecast of 503 points, with some strategists — including those at Pictet and UniCredit — raising their targets because of cheap valuations, better economic prospects in the region and rising earnings forecasts. A big
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SPGI
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- 4/26/24 - Miss
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- SPGI's page on the SEC website