S&P: A Fed-Fueled Sector Shift

The central bank's interest-rate cut was a catalyst for big changes by S&P Equity Strategy

In light of what Standard & Poor's Chief Economist David Wyss characterized as a "surprising" move by the U.S. Federal Reserve on September 18, S&P's Investment Policy Committee upped its year-end target for the S&P 500 index to 1,560, from a previous forecast of 1,510. We now expect the S&P 500 to deliver full-year gains of 10%, not including dividends.

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