Saturday, May 15, 2021
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Here’s Why You Shouldn’t Buy Credit Suisse’s Shocking U-Turn on the Stock Market

Credit Suisse’s Jonathan Golub–one of Wall Street’s most bearish strategists–has raised his forecast for the U.S. stock market. Downside risks are “less ominous,” says Golub, thanks to unprecedented central-bank intervention and declining bankruptcy filings. Although Credit Suisse has raised its price target by 18.5%, that reflects most of the gains since March.

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