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One market watcher is standing by his year-end S&P 500 target of 1,900, which would be a retreat from its current near-record high.
One market watcher is standing by his year-end S&P 500 target of 1,900, which would be a retreat from its current near-record high.
(Richard Drew/AP)

Why cautious stock market forecasts are good news

It’s hard to find much enthusiasm for the stock market right now, which is arguably the best thing going for it.

As the market approaches the halfway mark of the year with lacklustre gains, many strategists are far from confident about a second-half rally, arguing instead that stocks will likely drift sideways.