Until Election Day, and maybe for a few weeks afterward if voting results are disputed, expect warnings about stock market volatility. But history has shown the market tends to rally after elections.
Something else to consider, no matter how the election turns out, is the likelihood of another round of stimulus out of Washington. The two parties are far apart at the moment, but both agree that more assistance is needed for business and families. It isn’t a stretch to expect another round of checks to go out and to see improvement in economic numbers as a result.
The S&P 500 Index SPX, -0.15% produced a six-month gain of 45% from its 2020 closing bottom on March 23 through Sept. 23. Following that advance, the benchmark index rose another 8% through Oct. 14, with 90% of its components showing increases. Such a wide breadth of gains following the tremendous rally “implies a double-digit annual pace” of returns for the index over the long term, the analysts wrote in a note to clients.
Wall Street’s favorites Looking at ratings for the S&P 500 among sell-side analysts polled by FactSet, there are 94 stocks rated “buy” or the equivalent by at least 75% of the covering analysts.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: USATODAY - 🏆 100. / 63 Read more »