RBC Predicts 14% S&P 500 Gain, Sees 'Stagflation Light'

RBC Capital Markets predicts a 14% rise in the S&P 500, setting a twelve-month price target of 7750. This optimistic forecast aligns with other firms expecting new record highs, driven by potential interest rate cuts, strong corporate earnings, and overall economic conditions. The shift towards value stocks and broader market growth is also noted, with RBC anticipating a stagflation light environment that should limit market pullbacks.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.