• September 22, 2023

The S&P 500 will cross 5,000 next year as companies make ‘excess profits’ and trillions of dollars in spending are unleashed, says Jefferies

A stock trader claps at the end of trade at the New York Stock Exchange
  • The S&P 500 will extend gains into 2022 and reach 5,000, says Jefferies in a stock market outlook note Tuesday. 
  • Stocks will find support from further earnings growth and a massive amount of money to be spent by consumers, companies, and the US government. 
  • The economy should expand by 5.1%
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Jerome Powell Sold More Than a Million Dollars of Stock as the Market Was Tanking

Federal Reserve Chairman Jerome Powell sold between $1 million and $5 million worth of stock from his personal account on October 1, 2020, according to disclosure forms reviewed by the Prospect. Powell’s sale of shares from a Vanguard Total Stock Market Index Fund has not been previously reported. This sale occurred right before the

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