Veteran fund manager unveils eye-popping S&P 500 forecast
A hedge fund manager with over 40 years of experience resets his S&P 500 outlook.
Given the S&P 500's dramatic run-up over the past two years, it may be hard to remember, but in December 2022, many expected stocks to stumble.
As a result, the S&P 500's back-to-back 20% plus gains in 2023 and 2024 caught many Wall Street analysts flat-footed, sending them scrambling to ramp forecasts and outlooks.
While they were left chasing, proving once again that most Wall Street analysts are late to the party, hedge fund manager Doug Kass wasn't shocked by the stock market's impressive move higher.
