Wednesday, February 21, 2024

S&P 500 touches 5,000 briefly: Here’s where markets could be headed

The S&P 500 (^GSPC) briefly reached an all-time high of 5,000 points ahead of Thursday’s close, to the glee of many investors. Once this index reaches officially reaches this peak, what comes next? How will markets behave moving forward?
Huntington Private Bank Director of Wealth Strategy Dan Griffith sits down with Yahoo Finance to discuss the S&P 500’s intraday all-time high and what it entails for broader markets.
“We are thinking there is a potential of a slowdown, we’re at 50/50 as far as the likelihood of a recession in 2024. We’ve been that way for the, probably past 2 years frankly and it’s been a wonderful position to be in. The market kinda was a little less optimistic than we were and now it’s kind of coming the other way…” Griffith comments. “At the end of the day, we think if the [Federal Reserve] is going to maybe lower rates a couple times as the weather gets a little warmer here, probably 3 times is what our guess is, and if we are going to have a slow down it’s going to be a pretty modest one. ”
#youtube #S&P #stockmarket

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