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Analyst: S&P 500 Will Surge 16% In 2021

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An analyst for Fundstrat say that US stocks are set to continue their bull run in 2021. On Thursday, Fundstrat's Tom Lee released its 2021 outlook. He outlined how the S&P 500 could surge 16% to 4,300 by the end of next year. Pent-up demand due to the COVID-19 pandemic leads to a stronger-than-expected recovery in GDP. A surge in demand from consumers could be sparked by a "pandemic finale." Business Insider says declining volatility and low interest rates are also supportive of the stock market.

Added on the 17/12/2020 14:24:46 - Copyright : Wochit

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