Bank of America says US stock mkt statistically expensive, raises 2025 price target anyway ...Middle East

Bank of America says broad market is ‘statistically expensive on almost every metric’ raises year-end price S&P 500 to 6,000we see limited near-term upside to the cap-weighted S&P 500 and prefer the equal-weighted index, but our bear market signposts — the triggers that typically precede an S&P 500 peak — are not signaling elevated risks of an imminent bear marketon the other hand, the S&P 500 is higher quality, less levered and more asset light compared to prior decadeslong-term growth expectations on megacap tech at a record highsees potential for a market rotation into cyclicals and high dividend-yielding stocks This article was written by Eamonn Sheridan at www.forexlive

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