Deutsche Bank says S&P500 to 3650, then as high as 4800 by the end of this year

Deutsche Bank with their latest SP500 forecast, says it’ll fall to 3,650

  • this would be a 24% decline, which is an average recession decline

DB citing:

  • growth is slowing
  • thus earnings-led declines for stocks, valuations are vulnerable

DB says that if the labour market can hold up and growth is not hit too hard then they see a year-end rally to 4,700 / 4,800

Weekly S&P500 candles:

sp500 19 May 2022 2
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