S&P 500 Melt-Up Is So Hot It’s Making Cheerleaders Into Skeptics

(Bloomberg) — You know something strange is going on when the stock market’s most reliable optimists sound like cranks.Wall Street strategists have been thrust into just such a role at the end of 2019, as this year’s stunning recovery in the S&P 500 pushed it hundreds of points above where they thought it would be. So hot have stocks gotten that professional prognosticators are having a hard time mustering much optimism for next year.Which is unusual, for them. A reliable tradition on Wall Street is the propensity of stock strategists — as a group — to predict the same thing …read more

Source:: Yahoo Finance

      

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