And to put things into perspective, Jefferies had only previously raised their year-end target for the S&P 500 to 5,600 before this back at the end of July. So, that’s two big bumps to their forecast in just a month or so. Amid Fed chair Powell’s dovish tilt at the end of last week, it seems like the Fed put is back in business.
This article was written by Justin Low at investinglive.com.