New Expectations Strong Targets for the S&P 500

Bank of America has raised its target for the S&P 500 again, targeting $7,200,

from $7,000 previously.

According to reports, Bank of America sees a more accommodating 

monetary policy currently boosting interest-sensitive sectors,

while spending on goods and services returns to normal.

Bank of America analysts also stated that they are pricing 

in a 12-month market yield, and expect the return

on the index from current levels to be around 8%.

Bank of America believes that small businesses have borne the

losses resulting from tariffs, and that companies

 are now using up their inventory.

The group also stated that attention should soon shift to other sectors

apart from technology and artificial intelligence, and focus

on sectors such as energy, tooling, and others.