This snippet from
Deutsche Bank on the benchmark US equity index, S&P 500.
DB outline what would trigger the risk of lower:
- in the event we slide into a recession, the sell-off has much further to go
- target in this case is 3000
But, if no economic recession:
- we expect the market to rally back sharply to its prior peaks
- maintain our S&P 500 target for year-end at 4750
