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2022-10-18

Rally till Dec?

Oppenheimer Says Most Stocks Have Likely Bottomed, Market Could Rally Before Year End

John Stoltzfus, Chief Investment Strategist at Oppenheimer, cut the year-end target for the S&P 500 following to 4000, although he remains bullish on stocks.The new price target is based on the S&P 50

Oppenheimer Says Most Stocks Have Likely Bottomed, Market Could Rally Before Year End

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In addition some weakening in the dollar could provide a lift to the US market,” the strategist added.In a separate note, Oppenheimer’s Ari H. Wald argues that the “textbook criteria” has emerged for a market bottom.“Our feel is that the breadth of stocks has likely bottomed, particularly those with less rate sensitivity,” Wald wrote.","news_type":1},"isVote":1,"tweetType":1,"viewCount":375,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":13,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}