Institutional survey: S&P 500 index will march towards the key level of 6000 points.

Golden Ten Data on October 21, Bloomberg’s latest survey shows that although the United States presidential election is about to become a major uncertaintie, the crazy rebound of the United States stock market this year is expected to continue until the final stage of 2024. According to the median estimate of 411 respondents, the S&P 500 will approach 6,000 points by the end of the year, 2.3% higher than last Friday’s close and a new high. Three-quarters of respondents expect the earnings season to boost stock indices, and the strength of United States corporate performance is seen as more critical to equity performance than who wins the November election, or even the direction of the Fed’s policy. About 70 companies in the S&P 500 have already reported results, with 76% of them exceeding expectations, according to the data. Respondents expect the tech giants, which report their results later, to lead again. In total, 75% expect the Big Seven to outperform or match the rest of the market this quarter.