The S&P 500 could soar 18% in 2021 as social and economic disruptions from the pandemic reverse, says a Wall Street chief strategist
Oppenheimer's John Stoltzfus. The chief investment strategist said that the successful rollout of several COVID-19 vaccines will lead to "material progress in reversing the societal and economic disruptions wrought by the pandemic since Q1 2020." Oppenheimer is overweight US equities and favors "meaningful exposure" to international developed and emerging markets. The firm is the latest on Wall Street to initiate a double-digit 2021 year-end price target for the S&P 500. . The S&P 500 could hit 4,300 by the end of 2021, nearly an 18% gain from current levels, according to Oppenheimer's Jo...
Source: businessinsider.in