Upcoming Fed Chair Interviews: President Trump is set to interview candidates for the next Chair of the Federal Reserve, including Treasury Secretary Scott Bessen, Chief of Staff Susie Wiles, and Deputy Chief of Staff Dan Scavino, amidst a buzzing prediction market with significant betting volumes.
Betting Trends: The prediction markets show heavy betting on potential candidates for the Fed Chair position, with Kalshi and Polymarket seeing nearly $201 million in total betting volumes, indicating a competitive race among candidates.
Investigation into Fed Chair Powell: The U.S. Department of Justice has launched a criminal investigation into Fed Chair Jerome Powell, focusing on a $2.5 billion renovation project of the Fed's Eccles Building, which has raised concerns about potential perjury related to the project.
Market Reactions: U.S. equities experienced mixed trading, with the S&P 500 ETF showing slight gains while other indices fluctuated, reflecting a neutral sentiment among retail investors regarding the S&P 500.
Wall Street analysts forecast SPY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast SPY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 688.980
Low
Averages
High
Current: 688.980
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
