The S&P 6,000 calls are starting to feel reasonable: Morning Brief

Published On Sep 24, 2024, 6:00 AM

Wall Street shows bullish sentiment as the S&P 500 nears the 6,000 mark, driven largely by anticipated interest rate cuts by the Federal Reserve. Analysts are predicting the index will reach or even surpass this milestone this year, with some like BMO Capital Markets' Brian Belski raising their year-end targets to 6,100. This bullish outlook is supported by strong performance across a broader range of stocks, aside from the largest tech firms, pointing to a more sustained market growth due to underlying economic strength.