The S&P 500 (^GSPC) has been on a tear recently, with multiple financial firms raising their price targets on the tech-heavy index. Infrastructure Capital Advisors CEO Jay Hatfield joins Market Domination Overtime to discuss his bullish S&P 500 target of 5750. "This market should be getting smashed. We went from 380 in the beginning of the year to 435 and we're just churning around at all time highs. So what I think what is happening is like last year, why we were bullish last year, everybody knows the next inflection is a cut, last year it was a pause. So why do you want to sell now just because it's going to take two more months to have the cut?" Hatfield says. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. Editor's note: This article was written by Nicholas Jacobino
The S&P 500 (^GSPC) has been on a tear recently, with multiple financial firms raising their price targets on the tech-heavy index. Infrastructure Capital Advisors CEO Jay Hatfield joins Market Domination Overtime to discuss his bullish S&P 500 target of 5750.
"This market should be getting smashed. We went from 380 in the beginning of the year to 435 and we're just churning around at all time highs. So what I think what is happening is like last year, why we were bullish last year, everybody knows the next inflection is a cut, last year it was a pause. So why do you want to sell now just because it's going to take two more months to have the cut?" Hatfield says.
For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.
Editor's note: This article was written by Nicholas Jacobino
Reuters
Recent action in the U.S. stock market suggests investors are beginning to price in a "no landing" economic scenario that involves an expected pickup in growth, Morgan Stanley equity strategists said on Monday. "However, the macro data and equity market leadership have started to support the no landing outcome," Morgan Stanley strategists led by Michael Wilson said in a note. Strong economic data and firmer-than-estimated inflation reports have also reduced expectations for Federal Reserve interest rate cuts.
Bloomberg
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Reuters
The carbon emissions reduction targets of a group of the biggest listed companies are too weak collectively, meaning they are failing to play their part in preventing the most devastating impacts of global warming, a report on Tuesday showed. A study of 51 companies by the non-profit NewClimate Institute and Carbon Market Watch found they had committed to reducing their emissions by 30% by 2030, on average, against the 43% needed to limit global warming to 1.5 degrees Celsius (2.7 Fahrenheit) by 2050. "Four years into the critical decade for action on climate change, some companies have understood the need to set 2030 targets that are aligned with the latest climate science and substantiated by credible measures to achieve them," NewClimate Institute's Frederic Hans said.
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