FOMC, Seasonality Set Up Another Equity Run - Wells Fargo

September 21, 2023 5:38 AM UTC

Wells Fargo analyst Christopher Harvey on the S&P 500: "The FOMC statement was in line; the credit calendar is winding down ($105B issued MTD
of an expected $120B), the IPO calendar is heating up; and pre-announcement season has been fairly benign. All this sets up a run to 4600 on the SPX, in our view."



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Federal Open Market Committee, Standard & Poor's, Wells Fargo, IPO