Wall Street Throws Caution to the Wind to Keep Up With Stock Rally

Meanwhile, Wall Street firms are busy predicting more gains to come. Helped by positive sentiment and resilient valuations, Lori Calvasina at RBC Capital Markets forecasts the S&P 500 will jump to a record high next year, as does Bank of America Corp.’s Savita Subramanian. The latter is optimistic because firms, she said, will learn to adapt to the higher rate environment.

Leave a Comment