Wall Street Investment Bank: U.S. stocks may welcome the third largest bubble in a century

Wall Street investment bank Stifel, which successfully predicted the bottoming of U.S. stocks in March last year, said recently that if the Federal Reserve (Fed) does not quickly adopt a tough policy stance, U.S. stocks may surge sharply, but this will also be the third Fed created by the Fed in a century. Big bubble.

Barry Bannister, chief equity strategist at Stifel, stated in his latest report that the Fed, which is lagging behind the curve, may create the third bubble in 100 years in mid-2023. The S&P 500 index will soar 45% to 6,750 points, and the Nasdaq will soar 64% to nearly 25,000 points.

"We believe that since bubbles always burst, the only way to prevent this systemic risk is for the Fed to pay attention to its financial stability report and tend to be hawkish." He added.

Article excerpted from the US Stock Research Agency