Deutsche Bank makes the very best S&P 500 forecast on Wall Street — and says which may be too conservative

Deutsche Bank seems to be sitting on the prime of Wall Street’s 2024 forecasts for the S&P 500, with a name for the index to achieve 5,100 that its strategists say could transform conservative.

A staff led by Bankim Chadha, the chief U.S. fairness & world strategist, mentioned the S&P 500 SPX has seen stable earnings this yr, however “perceptions” stay lackluster, resulting from nonetheless low year-over-year earnings per share (EPS) progress and company uncertainty over the macroeconomic outlook. They say that might change within the fourth quarter…