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S&P 500 targets, Fed's Kashkari, China data: 3 Things

Stock futures (^DJI, ^IXIC, ^GSPC) are mixed ahead of Monday's market close as Evercore ISI and Goldman Sachs raise their year-end targets for the S&P 500.

Minneapolis Federal Reserve Bank CEO and President Neel Kashkari believes it is "reasonable" to believe the Fed could wait until December to begin cutting interest rates.

China's property sector takes another hit on fresh data on the nation's housing data and factory output.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Luke Carberry Mogan.

Video transcript

Let's get to it.

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Three things that you need to know this Monday morning as you prep for the trading day.

Yahoo finances sc for Jared and Rick Newman have more stock futures are taking a breather this morning after the S and P 500 hit four straight record closes last week.

Investment banks are getting more bullish on the benchmark index.

However, with evercore I SI and Goldman Sachs raising their 2024 year end price on the S and P 500.

Goldman Sachs lifting its targets of 50,600 from 5200 driven by stronger earnings growth.

Meanwhile, Evercore I I's Julian Emanuel boosted his year end target on the S and P to 6000 from 4750.

Setting a promising path for inflation and momentum surrounding the A I trade plus the great rate debate.

Well, it lives on Minneapolis fed President Neil Cash Car.

He's saying on Sunday that it is a reasonable prediction that the fed will wait until December to cut interest rates.

This comes after softer than expected inflation that fueled investor optimism around interest rate cuts last week.

C cars latest comments reaffirmed the central bank stance that the fed still needs more data before making any decisions on.

And China's battered property sector woes continue.

The country's latest factory output.

Data shows new home prices in roughly 70 major Chinese cities fell in May from the month before.

According to the latest report from China's National Bureau of Statistics, the data also showing investment in the housing sector for the first five months of the year fell more than 10% during the last year.

Asian markets are falling on the disappointing results.