When the Federal Reserve finally starts reducing bond purchases, U.S. stocks will still be able to maintain the momentum that has propelled them this year.
At least that’s the view at Barclays, which lifted its year-end S&P 500 price target to 4,600 from 4,400. On Friday, the S&P 500 SPX, -0.34% closed at 4,535.43, a gain of 21% in 2021.
Strategists led by Maneesh Deshpande said the historical precedent to look at is not the so-called taper tantrum, when interest rates spiked when then-Fed Chairman Ben Bernanke first discussed the possibility....More>>>