Deutsche: Risk of near term 5% - 9% dip

Deutsche: Risk of near term 5% - 9% dip. Five weeks above 2,000 for the Standard & Poor's 500 Index may be long enough, says Deutsche Bank AG's David Bianco. After last week's U.S. employment report, investors are increasingly convinced the Federal Reserve will raise interest rates by mid-year, Bianco said. That could result in a decline of up to 9 percent in the benchmark gauge, according to Bianco. The dollar's strongest level versus the euro since 2003 threatens U.S. profit growth. Strong job growth and falling unemployment, despite still-slow GDP, suggest that Fed hikes are on the horizon and likely strengthen the dollar further, Bianco, chief U.S. equity strategist at Deutsche Bank, wrote in a note to clients. We see risk of a near-term 5 to 9 percent dip. Full article on Bloomberg: (VIEW LINK)


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