Salient to Investors:

Rich Weiss at American Century Investments said no one expects real economic growth in the US so Laszlo Birinyi’s prediction of 3200 on the SPX comes 5 years late. Weiss said GDP growth of 3% or less and possible Fed tightening does not support such a rise.

Mark Luschini at Janney Capital Mgmt does not see a 3200 SPX coming through earnings growth, and the market is better defined as sideways than up or down.

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