Stock market recovery predicted by experts.
Gearing Up for a Stock Market Rebound, Here's the Lowdown
Stock markets are taking a beating, but fear not, because the experts over at Citibank are calling a comeback sooner rather than later. In fact, they predict a staggering double-digit rise for stocks in the near future, according to analysts.
The bravehearts on Wall Street have grown a tad more skittish, what with the recent sell-off. Biggies like Goldman Sachs and RBC have lowered their 2025 S&P500 targets. But Citibank ain't buying it. They're still holding out hope for a bull market bonanza.
Brace Yourselves for the Bull Marketing Rebound, Says Citibank
In their latest research, Citibank's team declared, "We've got faith in the core development and the expansion of earnings growth, but we anticipate a more volatile phase of the bull market in the future." They went on to add, "We're aware of the ups and downs, from a skyrocketing stock culture to less Fed easing to potential speculative bubbles."
Ordinary folks might find such bold predictions hard to swallow, but the markets appear to be sharing Citibank's optimism. Despite the current doom and gloom on Wall Street, where some fear a sell-off in the S&P500 due to economic downturn and trade wars, Citibank has stuck to its guns. They're still holding onto their year-end target of 6,500 points for the American benchmark index—a hefty 16 percent hike from the current levels.
Is a Double-Digit Gain Around the Corner?
With Citibank betting big on the stock market, and their year-end target offering a tasty 16 percent upside, other industry experts are jumping on the bandwagon. Take Tom Lee, for instance, the big cheese at Fundstrat. He's as optimistic as they come. Want to hear more? Check out The Expert is Beyond Certain: Market Comeback is Here – Here's Why You Should Buy Stocks Now.
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Stock Market Correction: Will the Sell-off Persist or is Recovery on the Horizon? Experts Weigh In
According to Citibank's latest predictions, the stock market might experience a sharp rise in the near future, potentially offering a double-digit gain for investors. Confident in the expansion of earnings growth, Citibank has maintained its year-end target for the S&P500 at 6,500 points, suggesting a significant 16% increase from current levels, sparking interest among other financial experts as well.
