Chief U.S. equity and global strategist at Deutsche Bank Securities, Binky Chadha, sees the S&P 500 at 5,000 as a way station towards 5,500 (bull case) or 5,100 (base case)
- earnings growth, not Fed interest rates, will drive the S&P 500
- “Our call is based on earnings rather than basically what’s going to happen to rates,”
- “We’ve got six quarters of solid growth,”
- “There’s been a lot of boogeymen in the closet, on the table, everywhere. ... The textbook tells you to worry but there’s no sign of it.”
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Chadha was speaking in an interview with CNBC.
