The Most Bullish Wall Street Analyst Heading Into 2023 Is Not Backing Down
Heading into 2023, the consensus estimate from Wall Street analysts was for the broader benchmark S&P 500 index to finish the year at 4,000. But within the group, Deutsche Bank analyst Binky Chadha was the most bullish, at 4,500.
Chadha's prediction has aged well, with the S&P 500 up about 13.5% on the year and standing at over 4,300. While the year hasn't gone as planned, many analysts are now bearish, concerned that higher interest rates for longer and/or an eventual recession will send the market lower in the second half of the year.
Still, Chadha isn't backing down from his bullish view. Here's why.
Source Fool.com
