S&P 500 Could Hit 4,500 by End of Year: RBC's Calvasina

The video discusses market targets, focusing on a quantitative approach to predicting levels like 4100 and 4500. It highlights the role of sentiment analysis and valuation models, considering factors like inflation and Fed cuts. The discussion shifts to tech stocks, examining their ownership status and the challenges posed by missing institutional data, particularly CFTC data. The analysis of NASDAQ futures positioning is emphasized as a key indicator of market trends.

What is the base case target mentioned for the market, according to the quantitative approach?

• 4500

• 4100

• 3900

• 5000

What historical sentiment level is associated with a significant market return?

• Above 15% in favor of Bears

• Above 20% in favor of Bulls

• Below 10% in favor of Bears

• Equal sentiment for Bulls and Bears

What is a potential reason for the market's upside bias, as discussed in the sentiment analysis?

• Stable interest rates

• Low investor sentiment compared to historical lows

• High investor confidence

• Increased inflation rates

What data is missing that affects the analysis of institutional stock positions?

• Federal Reserve reports

• Consumer confidence index

• NASDAQ index

• CFTC data

What sector is mentioned as potentially under-owned, contributing to a rally?

• Healthcare

• Finance

• Technology

• Energy