Bank of America sees just an average market gain next year because a vaccine is mostly 'priced in'

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New for subscribers: Bank of America sees just an average market gain next year because a vaccine is mostly 'priced in' Check out CNBCPro today.

Bank of America sees modest gains in U.S. stocks next year as the major averages already have a successful Covid-19 vaccine and economic recovery mostly baked in. The Wall Street firm's 2021 year-end price target for the S&P 500 is 3,800, implying about 6% upside from its current levels.

 

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Pro The theory Wuhan’s Huanan Seafood Wholesale Market was the original source for animal–human COVID19 transmission, long promoted by China, mainstream media, scientists (Dr Fauci) is now totally discredited, even by the Chinese CDC. The virus was created & leaked from a PLA lab.

Pro Maybe we can see interest rates rise...free money is not a thing...if anyone thinks otherwise, can I borrow $250,000 for five years and give you back $250,000 after five years...sounds like a good deal...

Pro 90% of news about covid and trump

Pro I'll take an average market gain any day of the week over a market crash :)

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