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Wall Street firm cuts S&P 500 target. What Seaport says could go wrong by end of 2023

Por: MarketWatch Business August 23, 2023

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Seaport Research Partners on Monday lowered their S&P 500 index target for the end of this year to 4,500 from 4,650, citing increasing volatility in financial markets that signals growing liquidity concerns.  “The MOVE Index of the U.S. Treasury Volatility and the DXY Index of relative Dollar crosses are both rising which signals a risk-off backdrop to us as liquidity tightens,” said Victor Cossel, macro strategist at Seaport Research... + full article



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