- S&P 500 Index set to return to its trading range of 3,500-4,200 – SocGen
Market news
9 June 2023
S&P 500 Index set to return to its trading range of 3,500-4,200 – SocGen
The S&P 500 has rallied 20% from its recent October 2022 low. Economists at Société Générale analyze S&P 500 Index outlook.
Avoiding Small Caps, Financials and Value stocks
We expect the S&P 500 to return to its trading range of 3,500-4,200 as 2H should see slowing profit margins, credit weakness and rising inflation uncertainty as the impact of easy base effects dissipates.
Prefer Defensive Growth, Staples and Industrials while avoiding Small Caps, Financials and Value stocks.
See – S&P 500 Index: Key resistance at 4,312/4,325 to cap – Credit Suisse
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