FAP, May 26 / PRNewswire-FirstCall-Asianet /-- Andrew Slimmon, a senior portfolio manager at Morgan Stanley, believes that his recent forecast that the S & P 500 will close at nearly 4200 in December is too low. As the market digests expectations of an earnings recovery in 2024 and investor FOMO starts, the benchmark stock index is expected to rise to 4600 by the end of the year. "if I were a financial adviser, in October and November, I would start to get nervous because I held a lot of cash and didn't make money for my clients," he said. "my guess is that cash will start flowing back into the market later this year." Just a few days ago, Bank of America equity strategist Savita Subramanian raised her year-end target for the S & P 500 to 4300 from 4000, with a range of 3900 to 4600. (Bloomberg)