Deutsche Bank Securities looks for S&P 500 to as high as 5500 , says its not about the Fed

Chief U.S. equity and global strategist at Deutsche Bank Securities, Binky Chadha, sees the S&P 500 at 5,000 as a way station towards 5,500 (bull case) or 5,100 (base case)

  • earnings growth, not Fed interest rates, will drive the S&P 500
  • “Our call is based on earnings rather than basically what’s going to happen to rates,”
  • “We’ve got six quarters of solid growth,”
  • “There’s been a lot of boogeymen in the closet, on the table, everywhere. … The textbook tells you to worry but there’s no sign of it.”

Chadha was speaking in an interview with CNBC.

This article was written by Eamonn Sheridan at Source