Deutsche Bank’s Chadha Is Now One of Wall Street’s Biggest Bulls
- Strategists expect the S&P 500 to end 2024 at 5,100 points
- BofA, RBC also forecast record high for the index next year
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Predictions of a record high for the S&P 500 next year are intensifying, with Deutsche Bank Group AG strategists setting one of Wall Street’s most bullish targets yet.
The team led by Binky Chadha expects the benchmark to hit 5,100 points by the end of 2024 — implying gains of about 12% from current levels — against a backdrop of cooling inflation and a rebound in corporate earnings.