When Equity Prices Shift, So Does Price Sentiment
And wouldn’t you know it; the S&P 500 hit an all-time high Monday (3,646) and the strategists followed with upgrades to their macro-outlook and S&P 500 price targets. Isn’t that just always the way? When prices rise, so do price targets while sentiment becomes increasingly bullish. When prices fall the analysts encourage a deeper consolidation…
