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☆ S&P 500 rises to 20-month high with a soft landing in sight. Can investors finally relax?
▼ + stars: | 2023-12-09 | by ( Michael Santoli | ) www.cnbc.com time to read: +9 min

The S & P 500 , which had consolidated with a low-volatility sideways slide for three weeks, nudged to a new 20-month high just above 4600, almost precisely a 20% year-to-date gain. Just because the S & P 500 is at 4600 and Federal-funds futures markets project high odds of several rate cuts next year, it doesn't mean the former is reliant on the latter. Yet — just relax — in seven of the past 12 years, the S & P 500 went on to surpass this year-ahead analyst composite target. It's pretty popular to cast doubt on the achievability of the consensus 11.8% forecast S & P 500 earnings growth for 2024. A broadening beyond 2023's growth leadership is necessary for further S & P 500 gains.

Persons: YTD, Jerome Powell, Powell, John Butters, Scott Chronert Organizations: Federal, Fed, Bank of America, Wall, Merck, Pfizer, Citi, Treasury

☆ S&P 500 could still hit 5,000 by mid-2024, says Citi's Scott Chronert
▼ + stars: | 2023-12-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailS&P 500 could still hit 5,000 by mid-2024, says Citi's Scott ChronertScotScottt Chronert, Citi U.S. equity strategist, joins 'Squawk on the Street' to discuss Chronert's feeling about the economy going into 2024, what could be a headwind for markets, and Chronert's worries about margin pressures.

Persons: Citi's Scott Chronert ScotScottt Chronert Organizations: Citi U.S

☆ The big market call for 2024 is going to be broadening growth, says Citi's Scott Chronert
▼ + stars: | 2023-11-27 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe big market call for 2024 is going to be broadening growth, says Citi's Scott ChronertScott Chronert, Citi U.S. equity strategist, joins 'Closing Bell Overtime' to talk the day's market action and looking ahead to 2024.

Persons: Citi's Scott Chronert Scott Chronert Organizations: Citi U.S

☆ It's been 2 years since the Nasdaq hit a record and it's gone nowhere since
▼ + stars: | 2023-11-18 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

The loudest investor chatter for months has insisted the heavyweights of the Nasdaq have been everything to the market in 2023. Sunday is the second anniversary of the all-time closing high in both the Nasdaq Composite and Nasdaq 100 indexes, which remain 12% and 4 % underwater even after their monster gains in recent months. It's relatively rare for the Nasdaq 100 – the most easily investable part of the Nasdaq and the one most reflective of the mega-cap dominance – to enter a two-year downturn. Only three of the Big Seven have outperformed the Nasdaq 100 over the past two years – Apple, Nvidia and Microsoft — while Meta Platforms has kept pace and Amazon, Alphabet and Tesla have lagged. Friday showed signs of outright rotation, the Russell 2000 up 1.3% versus a flat Nasdaq 100.

Persons: Invesco, Scott Chronert, we've, I've, –, Chronert, Apple's, What's, Berkshire Hathaway, Tony Pasquariello, Goldman Sachs, Russell, disinflation Organizations: Nasdaq, Sunday, QQQ, Citi, Apple, Nvidia, Microsoft, Meta, Berkshire, Fed Locations: lockstep, Berkshire, Whereto

☆ 10-year is a more important indicator today than Fed funds rate, says Citi's Scott Chronert
▼ + stars: | 2023-11-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email10-year is a more important indicator today than Fed funds rate, says Citi's Scott ChronertScott Chronert, Citi U.S. equity strategist, joins 'Squawk on the Street' to discuss how the markets get to Chronert's targets, the clear division between leaders and laggers, and what earnings guidance means for next year.

Persons: Citi's Scott Chronert Scott Chronert Organizations: Citi U.S

☆ Our year-end 2023 target for the S&P is 4600, says Citi's Chronert
▼ + stars: | 2023-10-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur year-end 2023 target for the S&P is 4600, says Citi's ChronertScott Chronert, Citi U.S. equity strategist, joins 'Squawk on the Street' to discuss his thoughts on the markets, how bond yields must perform for his thesis, and more.

Persons: Citi's Chronert Scott Chronert Organizations: Citi U.S

☆ Even modest beats will lift market out of earnings recession, says Citi's Scott Chronert
▼ + stars: | 2023-10-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEven modest beats will lift market out of earnings recession, says Citi's Scott ChronertScott Chronert, Citi U.S. equity strategist, joins 'Closing Bell Overtime' to talk recession risk, what is next for the markets, upcoming earnings and more.

Persons: Citi's Scott Chronert Scott Chronert Organizations: Citi U.S

☆ U.S. equities in good shape as long as Israel-Hamas conflict remains contained: Citi's Chronert
▼ + stars: | 2023-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. equities in good shape as long as Israel-Hamas conflict remains contained: Citi's ChronertScott Chronert, Citi U.S. equity strategist, joins 'Squawk on the Street' to discuss the investor's take on the conflict in Gaza, what would constitute an escalation that could affect U.S. stock markets, and more.

Persons: Scott Chronert Organizations: Citi U.S Locations: Israel, Gaza

☆ We're seeing a pretty decent set up for the Q3 reporting period, says Citi's Scott Chronert
▼ + stars: | 2023-09-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're seeing a pretty decent set up for the Q3 reporting period, says Citi's Scott ChronertBob Elliott, Unlimited CIO and Scott Chronert, Citi U.S. equity strategist, join 'Closing Bell Overtime' to talk the day's market action, the bond market, the quarter ahead and the impending government shutdown.

Persons: Citi's Scott, Bob Elliott, Scott Chronert Organizations: Citi U.S

☆ Citi recommends a bunch of growth stocks to buy on this pullback
▼ + stars: | 2023-09-25 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

The Russell 1000 Growth Index has climbed down from its year-to-date highs, which Citi believes has set up a "buy growth on a pullback" opportunity. FY5 free cash flow per share greater than or equal to market-implied estimates. In contrast, the company's free cash flow per share consensus estimate has risen nearly $5 since the end of March. Although image-sharing company Pinterest has had a modest rally following its recent investor day, shares are still down 14% from their year-to-date highs. The full-year free cash flow per share estimate has gained $2.03 since the end of the first quarter.

Persons: Scott Chronert, Chronert, Russell, Lockheed Martin, Pinterest, — CNBC's Michael Bloom Organizations: Citi, Defense, Lockheed, Nvidia, KLA Locations: Friday's

☆ Bet on a rebound in China using these ETFs, Citigroup says
▼ + stars: | 2023-09-19 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

China may finally be poised for an economic rebound, and several exchange-traded funds give U.S. investors a way to play it, according to Citigroup. We prefer following our economists and positioning for upside in China Equity ETFs as we may be nearing a cyclical bottom," the note said. The funds that are most correlated to the Chinese economy are the Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) and iShares MSCI China A ETF (CNYA) , according to Citi's analysis. ASHR YTD mountain Chinese ETFs like the ASHR have struggled in 2023 For investors who want a little more risk and potential upside in China, tech-focused ETFs could be a smarter play. Investing in China has been a volatile bet over the years, and all the ETFs listed above have been long-term underperformers compared with the S & P 500.

Persons: Scott Chronert, — CNBC's Michael Bloom Organizations: Citigroup, Citi, China Equity, CSI China Internet, China Technology Locations: China

☆ Watch CNBC's full interview with Requisite's Bryn Talkington, JPMorgan's Jordan Jackson and Citigroup's Scott Chronert
▼ + stars: | 2023-09-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Requisite's Bryn Talkington, JPMorgan's Jordan Jackson and Citigroup's Scott ChronertBryn Talkington, Requisite Capital Management managing partner, Jordan Jackson, global market strategist at J.P. Morgan, and Scott Chronert, Citi U.S. equity strategist, join 'Closing Bell' to discuss markets, inflation and the Fed.

Persons: Requisite's Bryn Talkington, JPMorgan's Jordan Jackson, Citigroup's Scott Chronert Bryn Talkington, Jordan Jackson, Morgan, Scott Chronert Organizations: Capital Management, Citi U.S

☆ Balance is still to the upside to year end, says Citigroup's Scott Chronert
▼ + stars: | 2023-09-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBalance is still to the upside to year end, says Citigroup's Scott ChronertBryn Talkington, Requisite Capital Management managing partner, Jordan Jackson, global market strategist at J.P. Morgan, and Scott Chronert, Citi U.S. equity strategist, join 'Closing Bell' to discuss markets, inflation and the Fed.

Persons: Citigroup's Scott Chronert Bryn Talkington, Jordan Jackson, Morgan, Scott Chronert Organizations: Capital Management, Citi U.S

☆ Tech will help the Industrial economy mitigate typical cycle effects, says Citi's Scott Chronert
▼ + stars: | 2023-09-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTech will help the Industrial economy mitigate typical cycle effects, says Citi's Scott ChronertScott Chronert, Citi U.S. equity strategist, joins 'Squawk on the Street' to discuss the reasoning behind his year-end S&P target of 4600, earnings growth acceleration in tech through 2024, and global exposure to China's trade influence.

Persons: Citi's Scott Chronert Scott Chronert Organizations: Email Tech, Citi U.S

☆ Look for pullbacks in growth and put new money to work on cyclicals, says Citi's Scott Chronert
▼ + stars: | 2023-08-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLook for pullbacks in growth and put new money to work on cyclicals, says Citi's Scott ChronertScott Chronert, Citi U.S. Equity Strategist, joins 'Closing Bell Overtime' to talk the day's market action, the most recent slate of earnings, his playbook for the current market, the possibility of a soft landing and more.

Persons: Citi's Scott Chronert Scott Chronert Organizations: Citi U.S . Equity

☆ Investors are shifting their bond bets into this type of ETF
▼ + stars: | 2023-08-02 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Investors appear to be growing more comfortable with the path for interest rates and are shifting their fixed income bets accordingly. The list of the most popular bond funds by inflows in recent weeks is dominated by large passive funds. The iShares 20+ Year Treasury Bond ETF (TLT) and Vanguard Intermediate-Term Treasury ETF (VGIT) have both been two of the 10 most popular ETFs of any type over the past month, according to FactSet's flow data. The iShares 3-7 year Treasury Bond ETF (IEI) and the Vanguard Intermediate-Term Bond ETF (BIV) have also seen sizable inflows recently. Broad bond funds will often have longer duration than short-term funds, even if there is no reference to time frame on the label.

Persons: Scott Chronert, Fitch, — CNBC's Michael Bloom Organizations: Citi, Federal Reserve, Treasury Bond ETF, Treasury, Bond ETF, Bond Locations: outflows

☆ 'FOMO' rules the stock market now
▼ + stars: | 2023-08-01 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Forget AI, the Fed, and inflation – "FOMO" is now the stock market's dominant force. Bears including Morgan Stanley's top strategist Mike Wilson have abandoned their gloomy forecasts amid signs the breakneck rally could last. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyForget artificial intelligence, forget inflation, forget the Fed. But it also marked the month many bears had to wind back their doom-mongering and accept that the surprise 2023 rally might be for real. Their July climbdowns show that after stocks' longest winning streak in two years, FOMO now rules the market.

Persons: Morgan Stanley's, Mike Wilson, that's, Morgan, who's, Scott Chronert, Wilson, FOMO Organizations: Bears, Service, Federal, Citi, Big Tech Locations: Wall, Silicon

☆ Citi raises year-end S&P 500 price target to 4,600, sees higher probability of a soft landing
▼ + stars: | 2023-07-28 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +1 min

Citi U.S. equity strategist Scott Chronert raised his year-end 2023 S & P 500 price target to 4,600, citing stronger odds of a soft landing. "The near-term hurdles we envisioned into Q3 are now behind," Chronert wrote in a report late Friday. "The new targets reflect increased probability of a soft landing in our scenario approach." (See where Wall Street stands on the 2023 outlook for the S & P 500 here .) "Growth cluster valuations are high but supported by fundamental drivers," Chronert wrote.

Persons: Scott Chronert, Chronert, — CNBC's Michael Bloom Organizations: Citi

☆ There's still room for retail investors to enter the market, says Citi's Scott Chronert
▼ + stars: | 2023-07-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's still room for retail investors to enter the market, says Citi's Scott ChronertScott Chronert, Citi U.S. equity strategist, joins 'Squawk on the Street' to discuss the cooler than expected CPI and PPI reports and what it means for the greater markets.

Persons: Citi's Scott Chronert Scott Chronert Organizations: Citi U.S, PPI

☆ We're more comfortable putting new money into cyclicals over defensive stocks, says Citi's Chronert
▼ + stars: | 2023-07-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're more comfortable putting new money into cyclicals over defensive stocks, says Citi's ChronertScott Chronert, Citi U.S. equity strategist, joins 'Closing Bell' to discuss his take on the second half of the year for equities, why earnings don't need to come down as much as prior cycles, and more.

Persons: Citi's Chronert Scott Chronert Organizations: Citi U.S

☆ Any market pullback we see will be 'shallow and short', says BD8's Barbara Doran
▼ + stars: | 2023-06-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAny market pullback we see will be 'shallow and short', says BD8's Barbara DoranBarbara Doran, BD8 Capital founder and CEO, and Scott Chronert, Citi U.S. equity strategist, joins 'Closing Bell Overtime' to discuss the day's market action, advice for investors, and more.

Persons: Barbara Doran Barbara Doran, Scott Chronert Organizations: BD8 Capital, Citi U.S

☆ Watch CNBC's full interview with Barbara Doran and Scott Chronert on market's top sectors
▼ + stars: | 2023-06-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Barbara Doran and Scott Chronert on market's top sectorsBarbara Doran, BD8 Capital founder and CEO, and Scott Chronert, Citi U.S. equity strategist, joins 'Closing Bell Overtime' to discuss the day's market action, advice for investors, and more.

Persons: Barbara Doran, Scott Chronert Organizations: BD8 Capital, Citi U.S

☆ Equities are setting up for a 'digestion phase' with recent narrow rally: Citi's Scott Chronert
▼ + stars: | 2023-06-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEquities are setting up for a 'digestion phase' with recent narrow rally: Citi's Scott ChronertTorsten Slok, Apollo Global Management chief economist, and Scott Chronert, Citi U.S. equity strategist, joins 'Squawk on the Street' to discuss the recent resilience from equity markets, the widening breadth in equities and Slok's expectations for the Federal Reserve and equity markets.

Persons: Citi's Scott Chronert Torsten Slok, Scott Chronert Organizations: Apollo Global Management, Citi U.S, Federal Reserve

☆ Watch CNBC's full interview with Citi's Scott Chronert and Apollo Global's Torsten Slok
▼ + stars: | 2023-06-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Citi's Scott Chronert and Apollo Global's Torsten SlokTorsten Slok, Apollo Global Management chief economist, and Scott Chronert, Citi U.S. equity strategist, joins 'Squawk on the Street' to discuss the recent resilience from equity markets, the widening breadth in equities and Slok's expectations for the Federal Reserve and equity markets.

Persons: Citi's Scott Chronert, Apollo Global's Torsten Slok Torsten Slok, Scott Chronert Organizations: Apollo Global Management, Citi U.S, Federal Reserve

The S & P 500 's recent rally has many investors convinced the bear market is drawing to a close, but Citi's Scott Chronert isn't convinced. Chronert, U.S. equity strategist at Citi, isn't buying the rally. He is maintaining his full-year S & P 500 target of 4,000 as he forecasts a pullback in the second half of 2023. According to CNBC Pro's Market Strategist Survey , Barclays, Morgan Stanley and UBS are forecasting the broad market index to fall below 4,000 at year-end. His base case for the S & P 500 forecasts a mid-year 2024 target of 4,400.

Persons: Citi's Scott Chronert isn't, Morgan Stanley, Chronert, — CNBC's Michael Bloom Organizations: Citi, CNBC Pro's, Survey, Barclays, UBS Locations: U.S

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