The View from 5th Avenue

The View from 5th Avenue – 17 June 2024

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If you’re not on the momentum train now, don’t worry we are only going UP! Jump aboard cause the next stop is another all-time high for the S&P 500 today, making it the 30th time this year the S&P 500 has closed at a new all-time high. Do we still have more room to go higher? According to Evercore, Goldman and Citi the light is green, and they have all revised their yearend S&P 500 estimates higher. Goldman boosted its year-end target to 5,600 while Citi upgraded US equities to overweight. But…