Independents are in the middle again, but leaning towards the Democrats on economic and market issues, with 43% of those politically identifying as Independents saying the economy will be weaker. A slim majority of Independents say the S&P 500 will end the year either flat or down.
Looks like a perfect opportunity for volatility to strike, but volatility does not guarantee we will end the year either up or down.West said as we continue to draw closer to the November 2020 election, his firm is of the belief that millionaires will get more and more skeptical about the economy due to election uncertainty. "The volume level around the election will continue to get louder and louder," he said.
"This entire year of positive strong returns in the S&P is based on P/E expansion, not earnings. That means investors are enthusiastic about stocks. Now corporations have to live up to the hype," Goldberg said.
down 3%