May the Odds Be Ever in Your Portfolio's Favor: S&P 500 Targets New Highs!

The Market is Reaping What It Sows

Well here I am Katniss Everdeen career tribute turned… financial analyst? Not quite. But apparently everyone wants my take on this Wall Street hullabaloo. CFRA some big shot firm thinks the S&P 500 is going to keep climbing. They've bumped their 12 month target up to 6,850. Honestly those numbers are bigger than the pile of berries Peeta and I almost ate to stick it to the Gamemakers. And about 9% higher than where things stand now. They’re talking about a rebound a recovery from a “near 19% correction.” Sounds like the aftermath of a particularly brutal Quarter Quell if you ask me.

From Tariffs to Tributes: A Change of Heart?

It seems the financial mood swings faster than Gale Hawthorne's affections. Apparently President Trump eased up on some tariffs and suddenly everyone's feeling all warm and fuzzy about their investments. Back in April CFRA was all doom and gloom predicting a year end level of 5,925. Now? They’re singing a different tune. Makes you wonder if they got a visit from a Mockingjay bearing better news.

Rate Cuts? More Like Opportunity Knocks

The big question now is what the Fed is going to do with interest rates. Everyone’s waiting on pins and needles like it's the reaping. CFRA seems to think the Fed will cut rates four times in the next year dropping them by a full 1%. Apparently they have hope that unlike the Hunger Games this will result in a desirable outcome.

May the Market Odds Be Ever in Your Favor… Unless You’re Shorting

So what does this all mean? If CFRA is right your portfolio could be looking as plump as Haymitch Abernathy after a particularly lucrative sponsorship deal. But remember even the best laid plans can go up in flames faster than a Capitol fashion show if we aren't careful.

Compared to The Rest

Turns out this CFRA's forecast is more optimistic than others! People seem to think that it is a bit high but what do I know? I'm just a girl from District 12!

Remember Keep Your Wits About You

Just remember a little bit of hope might be just what gets you through it. Good luck out there!