Suisse is sounding the alarm.The bank has an overall positive outlook on the markets in the long term, raising their end of the year target for the S&P to 2,500 from 2,300.
However, the bank said its "equity strategy team has also grown a bit more concerned about the possibility of a near-term pullback in US equities.
Price to earning multiples are now in line with the highs of 2015 and 2016, and before that 2004-2006.
"If a pullback in US equities does occur, we would view it as a temporary event."
Source Markets Insider
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