Some of the Things We're Thinking About in US Equities as 2H24 Begins

In this episode, we discuss why we are lifting our YE 2024 S&P 500 price target to 5,700 from 5,300, which we would characterize as a nervous raise. Listen now.

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By Lori Calvasina
Published July 3, 2024 | 1 min read

Three big things you need to know:

First, we are lifting our YE 2024 S&P 500 price target to 5,700 from 5,300, which we would characterize as a nervous raise.

Second, we think the risks of a short-term pullback in the S&P 500 are growing, similar to what occurred in April.

Third, on positioning, we think it will be tough for the US equity market to see a sustainable leadership transition away from mega cap Growth until we are through the economic soft patch.


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Lori Calvasina
Lori Calvasina
Managing Director & Head of U.S. Equity Strategy, RBC Capital Markets

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