The stock market is likely to see its typical, seasonal pullback in the second quarter after the first quarter's sharp gains, but unlike previous years, more bullish Wall Street strategists expect a significantly higher end-of-year finale.
"Anyone who's looking for the S&P 500 to end the year at 1,650 to 1,700 is looking for a 17-percent appreciation–excluding the late 1990s and the two recovery years of 2003 and 2009, you'd have to go back to 1991 to see that kind of bounce," said Dan Greenhaus, chief global strategist at BTIG, who himself has a year-end target of 1,625. "There's an incredible sense that things are starting to come together and things that have been supportive of the recovery all remain in place."
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