Newsmakers
Will Jolly Old Saint Nick Visit the Stock Market This Holiday Season?
Statistically, there’s usually a Santa Claus rally right after Christmas, and it’s a good one, says LPL’s Detrick.
David Kostin says the S&P 500 has a lot further to fall, due to the coronavirus’ nasty economic effect.
Dwindling business activity is worrisome, and market slide isn’t over, Yale prof warns.
Earnings growth is threatened by the epidemic, which has shut down much of China’s economy, strategist says.
A so-so economy, low earnings growth, an un-inverted yield curve, and a stand-pat Fed are part of the mix for a ho-hum year.
The average investor fled from the stock market and ended up losing twice what the S&P 500 did, Dalbar says.
Jim Paulsen says public optimism is now so high that stocks likely have peaked.