Stockitution

[bigstocksnbonds]

T?he S&P 500 has a new—and much higher—price target, and understandably so.

The stock market has been on a steady but steep climb this year, and many on Wall Street are just trying to catch up.

Citigroup strategists seem bold with their forecast: 5000 by the middle of next year, way up from their previous target of 4400 and about a 9% gain from the index’s current level of roughly 4600.

With its new number, the bank is essentially giving companies on the index, collectively, more credit for the earnings growth that they can achieve. 

The market has done the same as buying pressure has sent the S&P 500 up about 20% this year. Two key drivers of the gains: artificial intelligence and the Federal Reserve.

WEEEEEEEEEEEEE!!!!!!!!!!