Chief U.S. equity and global strategist at Deutsche Bank Securities, Binky Chadha, sees the S&P 500 at 5,000 as a way station towards 5,500 (bull case) or 5,100 (base case)

  • earnings growth, not Fed interest rates, will drive the S&P 500
  • “Our call is based on earnings rather than basically what’s going to happen to rates,”
  • “We’ve got six quarters of solid growth,”
  • “There’s been a lot of boogeymen in the closet, on the table, everywhere. ... The textbook tells you to worry but there’s no sign of it.”


Chadha was speaking in an interview with CNBC.

s&p 500 5,500 target 09 February 2024 2