Full info can be found here at Reuters, but in summary;
- Citigroup analysts raised their price target for the S&P 500 to 5,100 from 4,900 set in October, cautioning that a U.S. Federal Reserve policy tightening could pose valuation headwinds.
- expects strong corporate earnings to continue this year
- Upcoming quarterly results and 2022 outlook of companies could provide the cushion for growth, despite COVID-19 and supply chain woes,
On Wednesday (US time) the FOMC minutes release saw stocks lower:
- S&P 500 down 92 points to 4700
- Nasdaq down 3.2%
BTD folks will be happy.