After a Positive September, the S&P 500 Could Be Headed to 2,550
Stocks staged surprising gains in September, despite historical norms. The S&P 500 is up 12.5% since the start of the year.
Stocks bucked historical norms and posted gains in September.
Even with the S&P 500 at a record high, Jeff Kravetz, regional investment strategist at U.S. Private Bank Wealth Management, expects the broad index to hit 2,550 by the end of the year.
That implies 1.2% upside from its current level of 2,519.
While Kravetz acknowledges the growing geopolitical risk in the system, he said investors are looking at fundamentals, which remain strong.
Next week, earnings season heats up. The past two reporting seasons saw double-digit year-over-year increases in S&P 500 earnings.
The S&P 500 is up 12.5% since the beginning of 2017.
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