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S&P 500 Will Top 5,000 Before Correction Hits in 2022, Leuthold Strategist Says

  • Leuthold strategist sees virus and price concern moderating
  • Says the Fed may adopt a new 3% inflation target next year
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Jim Paulsen, Leuthold Weeden Capital Management’s chief investment strategist, discusses the factors behind his bullish call for the S&P 500 index on “Bloomberg Surveillance.”Source: Bloomberg

One of Wall Street’s biggest bulls is betting the S&P 500 will continue to gain before a correction in the second half of 2022 once the Federal Reserve begins to raise interest rates.

Jim Paulsen, chief investment strategist at the Leuthold Group, said Wednesday on Bloomberg TV he sees the benchmark index powering above 5,000 before an eventual downturn and recovery back to that level at the end of the year.