S&P 500 Index: Year-end target of 4,500 – Deutsche Bank SP500 Equities Banks
While the move up in positioning now looks complete, if earnings remain robust, so will buybacks, and equities should continue to grind higher. We continue to target S&P 4,500 by year-end.
At the regional level, we move from overweight to neutral on European equities as they posted one of their strongest outperformances on record, and expect limited relative upside in H2.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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