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Jim Paulsen sees record 2,200 for S&P—here's why

Matthew J. Belvedere
Jim Paulsen sees record 2,200 for S&P—here's why

Stocks should make new highs soon, closely followed strategist Jim Paulsen said Wednesday.

He's the second market watcher this week to tell CNBC's " Squawk Box " to expect a record run.

Paulsen sees the S&P 500 (INDEX: .SPX) going to the 2,200 level, an advance of 4.75 percent from Tuesday's close, which saw the index break the 2,100 for the first time since December. The S&P was less than 1.5 percent away from last May's 2,130.82 record.

Ebbing deflation fears, prospects for better earnings later this year and improving world economies are all reasons to believe U.S. stocks should climb, he said.

On Tuesday , Bespoke Investment Group co-founder Paul Hickey said a perfect storm of bullish stock market trends should push the S&P 500 into record territory soon.




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