CNBC on a note from a Citi analyst on the benchmark US equity index.
- “Following the strong Q4 2023 rally, pullbacks should be expected, and bought into, as a shifting Fed narrative unfolds”
- mid-year target of 4,800 for the S&P 500
- year-end target of 5,100
Says key to equity market performance in 2024 will be market broadening, with a clear cluster of leaders outperforming lagging stocks.
- is overweight cyclical stocks over defensive counterparts
