Bernstein seemed almost surprised himself. "This is the first time in several years that the target analysis has not pointed to a single-digit return," he writes. Bernstein attributes the model's outcome to lower headline inflation readings and more price-to-earnings expansion.
Bernstein will no doubt be watching Friday's consumer price index closely, as will the still data-dependent Fed.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,406.96 | 1,109.30 | 2,197.85 | 33.31 |
Oil *
78.75
|
|
UP
136.49
|
UP
15.82
|
UP
29.97
|
DOWN
0.98
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10 Yr
3.33%
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-2.86%
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