The market’s at a fork in the road, says RBC as it becomes third firm to cut S&P 500 forecasts. - MarketWatch
1. RBC slashes S&P 500 price target to 6200, down from 6600. 2. Expectations for rocky market conditions through year-end are now heightened. 3. GDP forecasts suggest sluggish growth impacts stock market valuations. 4. Retail investor sentiment is very bearish; institutional optimism declines. 5. Upcoming earnings season will be critical for market direction.