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Market Extra: RBC and BofA see S&P 500 heading to 5,000 in 2024, but here are 10 reasons why investors should still tread carefully

Another prominent Wall Street strategist has joined the club seeing the S&P 500 index going to 5,000.

Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets, has joined Bank of America’s Savita Subramanian in adopting 5,000 as her year-end target for 2024.

Achieving it would require a 10% advance for the S&P 500 SPX compared…

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