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The first bear of 2025 emerges on Wall Street
watchlist :: 2024-12-16 :: source - yahoo finance
By Josh Schafer
The stock market will end 2025 lower than its current levels, according to Stifel chief investment strategist Barry Bannister.
Bannister sees sticky inflation prompting the Federal Reserve to hold interest rates high as economic growth weakens, serving as key catalysts to the eventual pullback in the stock market rally. Bannister sees the S&P 500 (^GSPC) ending 2025 in the mid 5,000s. As of Thursday afternoon, the S&P 500 was hovering just shy of an all-time high at about 6,070...Read more
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Recent global market news
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Micron shares tumble as quarterly forecast signals sluggish consumer demand
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