The S & P 500's rise to fresh heights in the new year will not be in a straight line, according to RBC Capital Markets.
Strategist Lori Calvasina issued a year-end 2025 target for the broad market index of 6,600.
The S & P 500 has rallied 3.2% since Donald Trump secured a second presidential term, raising expectations of lower taxes and deregulation.
To be sure, Calvasina thinks there will be 5%-10% correction in the near term before equities resume their march to all-time highs.
Last week, Goldman Sachs set a 6,500 target for the S & P 500, while BMO issued a forecast for the benchmark index to surge all the way to 6,700 .
Persons:
Lori Calvasina, Donald Trump, Calvasina, Goldman Sachs, Bernstein
Organizations:
RBC Capital Markets, Health, BMO
Locations:
Friday's, Bitcoin