'Wouldn't be shocked' if bull market continues: Wall Street aims to look past Iran conflict
Wall Street remains optimistic despite geopolitical tensions.
Despite recent volatility due to the Iran conflict, Wall Street strategists are optimistic that the bull market may continue. The S&P 500 has seen a slight decline of about 4% since the onset of the conflict, yet analysts believe that positive developments could drive the market higher, as evidenced by a recent 2.9% rebound following President Trump's indication of reducing military presence in the region.
Key Takeaways
- 1.
The S&P 500 is projected to see 13.2% year-over-year earnings growth in Q1.
- 2.
Analysts at Yardeni Research plan to lower recession probability from 35% to 20% with clarity on the Iran situation.
- 3.
UBS strategists believe global stock markets will end the year higher than current levels.
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