Monthly Archives: April 2020

Market Extra: Why a Wall Street bull who called the stock market’s April rally now refuses to lift his S&P 500 target

Stock-market investors can thank the Federal Reserve’s response to the COVID-19 pandemic for a relief rally that saw the S&P 500 briefly top the 2,950 level on Wednesday, but it might take another economic shock to prompt the sort of additional policy response that would allow equities to push further to the upside, according to one Wall Street analyst.

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