The Wall Street firm anticipates a 5% to 10% pullback in the broad market index in the coming weeks, citing extended valuations.
Piper Sandler is concerned the S & P 500 is due for a correction, and it has dumped Nvidia from its model portfolio. Stocks are set to close out a rosy first quarter, with each of the major averages having ridden a wave of artificial intelligence exuberance to register fresh record highs. The S & P 500 is on pace to close out its best quarter since 2019. The Dow Jones Industrial Average is tracking for its best quarterly performance since 2021.
JPMorgan says oil could rise to nearly $100 a barrel on Russia's 'surprising' actions ahead of U.S. electionWatch for potential wave of share splits as the average price of S&P 500 stock hits $160, says Strategas
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