we play this game every year and the rules remain the same; we point and laugh at sell-side research departments for having the audacity to make a forecast 1 year out, and the sell-side research departments ignore us and just do it anyway. institutional behaviour at its finest:
SPX target level is useless. Would be far more interesting to get estimated 12m peak and trough. Path > destination.
And of course lol absolutely no one is going out on a limb
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Sell side will always fill the demand.
And of course lol absolutely no one is going out on a limb
BSI (Bank of the Sardonic Islands) 2025 SPX target: 666