Monday, 30 May 2016

Analysts see US stocks rallying

Some analysts think US stocks are about to rally.

Ed Yardeni, president of Yardeni Research, told CNBC recently that the S&P 500 will rise as high as 2,300 by mid-2017.

"Is there a recession around the corner? I don't see it," said Yardeni. "Over this [one-]year period, I think earnings can grow 6 or 7 percent."

Kristina Hooper, head of US capital markets research and strategy at Allianz Global Investors, also sees the S&P 500 surging 5 to 10 percent.

"We could see some kind of rally that could last until the FOMC meeting in a few weeks," Hooper told CNBC recently.

However, after the meeting, Hooper thinks volatility will jump and by the end of the year, the S&P 500 will return to current levels.

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