Posthaste: TSX to hit new high of 19,500 in 2021 as economy gets back to business, predicts Belski

The TSX will post double-digit gains to hit a record 19,500 as the bull market roars back to life, predicts BMO chief investment strategist Brian Belski in his latest market outlook.

“A once-in-a-century global pandemic, a month-long cyclical bear market, massive amounts of fiscal stimulus and Fed intervention, a compressed recession and a contentious U.S. presidential election tend to rattle the cages,” he wrote. In the new year, BMO expects corporate earnings growth to recover sharply from lockdown depths, especially in the second half of the year.

By the time the TSX hits a new high, the S&P 500 will double.

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The wealthy person’s economy not the actual economy.

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