Citigroup Raises S&P 500 Target Amidst Tax Cut Hopes

Citigroup’s equity strategist Scott Chronert has adjusted the S&P 500 target to 6600, reflecting potential tax cuts offsetting the negative effects of tariffs. This optimistic outlook stems from the belief that fiscal policy changes could boost equities by year-end. While investors remain cautious due to concerns about tariff impacts on corporate earnings, Chronert’s team anticipates positive market movement. However, details on a specific target date and the extent of tax cut impact remain unclear. 6600 marks a significant increase from the previous 6300, indicating the anticipated economic shifts.