The firm's chief equity market strategist reveals there are two market risks keeping him up at night.
His first concern surrounds the presidential election and whether Democrats will get control of both the White House and Congress.Trading NationIn a blue wave situation, Orlando believes Joe Biden's tax policies would likely get passed and put pressure on corporations and individual Americans."We've already seen two spikes: The one that peaked in the middle of April, [and] the one that peaked in the middle of July.
His base case calls for a "substantial amount" of volatility leading up to the election. Orlando is telling clients to buckle their seat belts because he sees the potential for another 10% correction.Orlando's year-endprice target is 3,500, a 4% gain from current levels. But it's more than 2% away from the index's all-time high.
If the U.S. can contain the pandemic and Republicans hold at least a slight majority in the Senate, Orlando expects the S&P 500 will hit record highs next year. His 2021 year-end forecast is 3,800. He lists easy earnings comparisons in the winter quarter, an improving economy and an extremely accommodative Federal Reserve policy as key reasons"There's no question the Fed is all in," Orlando said. "Chair [Jerome] Powell has told us that we're going to keep the Fed Funds Rate anchored zero-bound through at least the end of calendar '23. That could continue for another year or two after that.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
TradingNation Baa Stock's be UP tomorrow with Meadows running the Show ❗
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Multi-Pocket Canvas Market Tote, by Capabunga; 2 colorsWe partnered with Capabunga to bring you a market tote with extra pockets inside, plus adjustable straps and a matching insulated insert
Källa: Food52 - 🏆 113. / 63 Läs mer »
5 Strategies For Advancing Your Career In A Tough Job MarketIf you were recently laid off or furloughed, you need fresh ways to engage prospective employers. Try these methods to find career-building opportunities while job searching during the pandemic. ⚾️🕸💙🍩😤🌍❤ I need your help for fullfill my dreams Can you help me for sale this painting Suck me hard!
Källa: Forbes - 🏆 394. / 53 Läs mer »
Stock market forecast: S&P 500 to shed around 10% with no stimulus - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Put up pro-people legislation. Extend a lifeline to citizens. They, in turn, will sustain the economy. Same thing has been repeated over the L4 months it's all talk until there's action Nice
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
Stock-market crash: Expert sees Depression-like setup, likely plunge - Business Insider'Absolutely incomprehensible': A $2 billion hedge fund chief explains why investors may soon have to grapple with an across-the-board wipeout — and says a Great Depression-like meltdown isn't out of the question 1930s redux elsewhere too . . .
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
There’s No Place to Hide Anymore When the Stock Market PlungesAll the obvious hedges against stock-market volatility—Treasurys, gold, bitcoin and the VIX volatility index—stopped working in September, writes jmackin2 jmackin2 LOL Bitcoin! jmackin2 Stand down & stand by lol, the famous words from our President. FoxNews & the WhiteHouse are looking for sympathy from Americans lol good luck with that. They've known about COVID19 since late January & 200,000 Americans are dead. Trump made his own bed, now he owns it. jmackin2 Under the current circumstances, the intl recognition of Artsakh is the only mechanism for restoring peace and security in the region. Currently, the large-scale armed attack by Azerbaijan on NK is accompanied by violations of the norms of intl humanitarian law RecognizeArtsakh
Källa: WSJ - 🏆 98. / 63 Läs mer »