UBS is out with its 2024 outlook, and it expects some wild swings for markets next year.
The Wall Street firm on Monday said it sees the S & P 500 ending next year at 4,850, roughly 5% above Monday's close of 4,622.44.
Stocks have been on a tear recently, with the S & P 500 riding a six-week winning streak.
"The large spread between current strength and expected weakness presents a dilemma for investors," Golub wrote Monday.
Goldman Sachs' David Kostin said he anticipates the S & P 500 will end next year at 4,700 , just a stone's throw from where the broader index is currently trading.
Persons:
Jonathan Golub, Stocks, Golub, Goldman Sachs, David Kostin, America's Savita Subramanian, — CNBC's Michael Bloom
Organizations:
UBS, UBS Investment Bank, Bank, America's