RBC has hiked its forecast for the US S&P500 index - tech rally

With tech-led sectors surging a snippet from RBC shows analysts at the firm are looking for the benchmark US index to finish the year with an around 10% gain.

• year-end target for the S&P 500 is 4,250
• their target was previously at 4,100
• 2023 S&P 500 EPS forecast raised to US$213 from US$200
• case against US equities relative to non-US equities Equities Equities can be defined as stocks or shares in a company that investors can buy or sell. For example, when you buy a stock, you are purchasing equity, thereby becoming a partial owner of shares in a specific company or fund.Equities do not pay a fixed interest rate, and as such are not considered guaranteed income. Consequently, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling p Equities can be defined as stocks or shares in a company that investors can buy or sell. For example, when you buy a stock, you are purchasing equity, thereby becoming a partial owner of shares in a specific company or fund.Equities do not pay a fixed interest rate, and as such are not considered guaranteed income. Consequently, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling p Read this Term has been overstated
• Small Caps are at an attractive entry point

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That 4250 level is not far from where the index is currently sitting:

(This chart is from our charting app, which is free and can be found at this link)