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Wells Fargo says it expects the S&P 500 to break fresh records over the next several months.
Wells Fargo predicts the S&P 500 could reach a record 7,300 by July 2024.
KEY POINTS
- Trump's proposed bill extending 2017 tax cuts is estimated to boost GDP growth by 0.2 percentage points annually.
- Lower tariffs from a recent Supreme Court ruling are expected to boost manufacturing and services activity.
- Wells Fargo expects tech firms' free cash flow to rise after a 67% cut in 2026 estimates.
- Analysts anticipate the market's 'sugar high' will fade as growth slows and inflation rises in the second half.
COMPANIES
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