Here are Credit Suisse's 10 'surprises' for 2020, including a big market prediction

  • 📰 CNBC
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

In Credit Suisse's annual list of 10 surprises, strategist Andrew Garthwaite said the S&P 500 could rally 25%.

The market started 2020 on a strong note as easing geopolitical tensions lifted stocks to all-time highs, and according to one strategist, this year's rally is just getting started.

In Credit Suisse's annual list of "10 surprises," global equity strategist Andrew Garthwaite said the S&P could rise another 25%. Other predictions include oil finishing the year as one of the three best-performing sectors, as well as China's GDP growth rate hitting a three-decade low and the technology sector underperforming.

A "surprise" on the list, which has been published for nearly 30 years and includes five positive and five negative outcomes, is defined as an event outside the firm's core scenario, but one where the distribution skews.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

well somebody’s rdy to suck that federalreserve liquidity boner 🍆

CLICK BAIT.

United States United States Latest News, United States United States Headlines