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April 2024 Market Outlook

After a particularly strong first quarter, the equity market is already in a correction, in our view. We continue to believe the S&P 500 can reach 5600-5800, for an additional uptick of 9%-13% from the market close of Friday, April 12. We see the Technology and Artificial Intelligence related industries as continuing to be the market’s leadership and the strongest drivers of returns. We believe any correction should be limited to 5–10%.

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