The stock market could see a major upswing to end 2021 as a part of an “everything rally” sparked, at least partly, by falling cases of the delta variant, predict analysts a Fundstrat Global Advisors.
“What is also interesting is the IHME is not forecasting a fall surge. That is, they are not expecting a renewed wave of cases in the fall. The fall is back-to-school season, plus the start of flu season. Yet, the IHME sees this wave petering out,” wrote the Fundstrat folks, adding that this emboldens their prediction for a broad rally of assets at the end of the year.
Lee’s comments come as the Dow Jones Industrial Average DJIA, -0.20%, the S&P 500 index SPX, -0.08% and the Nasdaq Composite Index COMP, +0.17% were trading at or near record highs, with all three benchmarks look at year-to-date gains of at least 14%.
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