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  • The S&P 500 is on track to gain 28% this year after a dismal 2022, Oppenheimer said.
  • The investment bank raised its price target for the benchmark index to 4,900.
  • That's thanks to the resilience of the US economy as inflation continues to cool.

The S&P 500 is on track to gain as much as 28% this year, according to Oppenheimer's chief market strategist John Stoltzfus.

Stoltzfus, who has made the case for a huge stock market rebound since January, raised his S&P 500 target for the year to 4,900. That implies an 8% rise from current levels and a 28% increase from levels at the beginning of the year.

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Markets, MI Exclusive, Stock Market Outlook, Bull Market, Bull Market forecast, S&P 500 outlook, S&P 500 prediction, Oppenheimer, falling inflation, inflation drop, fed inflation, US Economy and Markets, US economic outlook, Recession, Interest Rates, interest rate outlook
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Stocks are on track for a 28% gain this year, and the bull market will stretch …