Stocks could see all-time highs before year-end, top strategist says. How he'd play it

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The S&P 500 could hit 3,800 by the end of this year and 4,200 by the end of 2021, says Phil Orlando of Federated Hermes.

cases, congressional budget discussions, stimulus talks, an upcoming Brexit deadline and the Senate runoff races in Georgia as the headline risks in the coming weeks.

At this point, one of two things would persuade Orlando to add to his firm's 4% overweight exposure to equities. "We're not going to force this. From where the market is right now through the end of next year, we think we can do 15% or so to our 4,200 target on a total return basis and that's pretty good," Orlando said. "At this point, we're just going to be patient and let the market come to us."

 

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It’s wild how bullish everyone is and even wilder how much louder they are after the 50% move higher than they were before it happened. Funny how that works. That “Santa Rally” that I got my GED to handicap is gonna be yuuuuge.

If this strategist think he is right. He should buy stocks now and ALL IN without any hesitate and keep quiet. Otherwise, he might be trapped last week and want to sell his position to Robbin hoods. I sold out my stock positions and think about GOLD now

Here's your free sell signal 😀

Or not

Yeah, nothing like impending government and electoral chaos to get everyone optimistic!

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