Navigating the Stock Market: Insights and Predictions for September
Originally Published 2 years ago — by Markets Insider
After a strong start to the year, the stock market faced a setback in August, with historical trends indicating weakness in August and September. Wall Street analysts have mixed opinions on the market's future. JPMorgan's chief global stock strategist believes the market rally is over and a recession is inevitable. Morgan Stanley's CIO is not bullish on the remainder of the year, while a senior portfolio manager sees the S&P 500 reaching 5,000 by year-end. Fundstrat's Tom Lee expects a month-long rally to bring the index back to its 2023 highs. Wedbush predicts a tech stock rally fueled by AI-driven spending, while Jeremy Siegel sees upside potential if the Fed holds off on rate hikes. However, Rosenberg Research warns of a potential stock market tumble due to broader economic pressures, and Key Advisors Wealth Management cautions that stocks could tank by 10% or more in the event of another rate hike.
