The stock market could jump as much as 10% by the year-end, Citi's stock-trading strategy head said.
He said the economy only needs to avoid a recession, which will ultimately depend on the labor market.
And that is now a plausible scenario," the firm's head of US equity-trading strategy told Bloomberg TV on Tuesday.
If this is achieved, stocks can surge another 5% to 10% by the end of this year, Kaiser said.
But though the Fed emphasized that it was not forecasting a looming downturn during its latest policy meeting, it all hinges on incoming labor market data, he noted.
Persons:
Stuart Kaiser, —, Citi's Stuart Kaiser, Kaiser, Morgan Stanley
Organizations:
Bloomberg, Service, Federal Reserve