U.S. stocks have defied almost all expectations in this crisis-riven year, first plunging into a bear market in February and March, as the coronavirus pandemic spread and the economy shut down, and then rebounding with lightning-fast speed to reach new highs by late summer. Don’t expect this sort of drama to continue through year end, at least so far as the S&P and its fellow market measures—the Dow Jones Industrial Average and Nasdaq Composite—are concerned. Wall Street’s stock market strategists see only a modest move higher in the S&P 500 through December 2020, although there could be plenty of action below the surface, given potential economic and political shifts, a possible rotation from growth stocks to value, and the challenges inherent in investing in a zero-interest-rate world. Read More...
U.S. stocks have defied almost all expectations in this crisis-riven year, first plunging into a bear market in February and March, as the coronavirus pandemic spread and the economy shut down, and then rebounding with lightning-fast speed to reach new highs by late summer. Don’t expect this sort of drama to continue through year end, at least so far as the S&P and its fellow market measures—the Dow Jones Industrial Average and Nasdaq Composite—are concerned. Wall Street’s stock market strategists see only a modest move higher in the S&P 500 through December 2020, although there could be plenty of action below the surface, given potential economic and political shifts, a possible rotation from growth stocks to value, and the challenges inherent in investing in a zero-interest-rate world.
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