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CNBC guests predict S&P 500 gains and vast company valuations, Gordon Johnson notes

CNBC guests predict S&P 500 gains and vast company valuations, Gordon Johnson notes
CNBC guests make bold market claims

Gordon Johnson, CEO and analyst at GLJ Research, questioned on social media the frequency of guests on CNBC who assert with certainty that the S&P 500 index will be higher by the end of the month. He also highlighted that some guests who manage money claim that single companies they own could be worth close to the world’s GDP in five years.

Johnson has previously drawn attention to Elon Musk reducing his Tesla 2030 annual car forecast from 20 million to 5 million units, as reported in an earlier article. He also noted that Tesla Q3 deliveries rose 1.4 percent, with U.S. figures down an estimated 9.2 percent and China up 17.8 percent, according to a separate report. These observations continue Johnson’s focus on challenging consensus market narratives.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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