Citi Sees S&P 500 Soaring to 7,000 in Bull-Case Scenario – Here’s What Needs To Happen: Report

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The third-largest US bank by assets reportedly expects the S&P 500 to surge by as much as 16% from current levels if the economy achieves certain conditions. Citigroup analysts see the S&P 500 hitting 7,000 by the end of the year in a bull-case scenario, reports Barron’s. According to the analysts, a boom related to artificial intelligence (AI) and a “goldilocks” setting for the US economy, powered by sustainable growth, low inflation and low unemployment, could act as catalysts for a stock mark...