Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Indexes  >  USA  >  S&P 500    SP500

S&P 500

(SP500)
SummaryQuotesChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

Behind Dow 30000: A Self-Perpetuating Upward Cycle -2-

11/24/2020 | 02:33pm EST

There are important contrasts between Japan's position then and America's now, including major structural differences in the economies, America's younger population and the Fed's rapid and aggressive response to the latest downturn. Yet some asset managers say they are bracing for shrinking investment returns ahead.

"Currently, we are advising all our clients to invest as differently as they can from the conventional 60% stock/40% bond mix, just as we were advising them in 1999," Peter Chiappinelli of investment manager GMO, which oversees about $60 billion in assets, wrote this month pointing to stock valuations that appear overly stretched and Treasurys that have grown expensive, appearing unlikely to serve as a hedge to stocks.

But after a long stretch of higher risks -- including a global trade war and election uncertainty -- the outlook is growing brighter. The election has passed, and a Covid-19 vaccine is likely soon.

Goldman sees the S&P 500 potentially ending next year at 4300, supported by a bounceback in earnings and economic activity. JPMorgan Chase & Co. forecasts the S&P 500 will jump to 4000 by early next year, an 11.8% advance from Monday's close, with a path to around 4500 by the end of 2021.

The prospect of congressional gridlock alongside Democrat Joe Biden in the White House makes it less likely big overhauls on corporate taxes and regulations will pass, resulting in what a team of JPMorgan strategists led by Dubravko Lakos-Bujas called "market nirvana" in a November note to clients.

"The equity market," they wrote, "is facing one of the best backdrops for sustained gains in years."

Write to Gunjan Banerji at Gunjan.Banerji@wsj.com, Akane Otani at akane.otani@wsj.com and Michael Wursthorn at Michael.Wursthorn@wsj.com

(END) Dow Jones Newswires

11-24-20 1433ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.12% 30960 Delayed Quote.1.28%
JPMORGAN CHASE & CO. -1.25% 132.12 Delayed Quote.5.29%
NASDAQ 100 0.87% 13483.290603 Delayed Quote.3.71%
NASDAQ COMP. 0.69% 13635.991758 Delayed Quote.5.08%
S&P 500 0.36% 3855.36 Delayed Quote.2.64%
All news about S&P 500
01:10aAsian stocks post biggest fall in two months on U.S. stimulus worries
RE
01:09aAsian stocks post biggest fall in 2 months on U.S. stimulus worries
RE
01/25Asian stocks weaken on stimulus worries, dollar holds firm
RE
01/25Investor payouts and job cuts jar with U.S. companies' social pledge
RE
01/25'This is not normal' - Wall Street grows wary of stock bubbles
RE
01/25Stimulus jitters dent Wall Street's early gains; Nasdaq, S&P at records
RE
01/25WALL STREET STOCK EXCHANGE : Stimulus jitters dent Wall Street?s earlier gains
RE
01/25'This is not normal' - Wall Street grows wary of stock bubbles
RE
01/25CLOSE UPDATE : Stocks Start Week Mixed in Shaky Session Ahead of Earnings Week
MT
01/25Nasdaq, S&P 500 Finish at Records -- Update
DJ
More news
Chart S&P 500
Duration : Period :
S&P 500 Technical Analysis Chart | SP500 | US78378X1072 | MarketScreener
Technical analysis trends S&P 500
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Top / Flop S&P 500
IRON MOUNTAIN INCORPORATED 32.11 Delayed Quote.6.50%
FOX CORPORATION 32.09 Delayed Quote.6.40%
THE CLOROX COMPANY 211.96 Delayed Quote.4.75%
VIACOMCBS INC. 47.71 Delayed Quote.4.67%
THE JM SMUCKER COMPANY 118.94 Delayed Quote.4.11%
CARNIVAL CORPORATION & PLC 19.22 Delayed Quote.-4.95%
BAKER HUGHES COMPANY 21.05 Delayed Quote.-5.05%
NOV INC. 12.7 Delayed Quote.-5.29%
WESTROCK COMPANY 44.12 Delayed Quote.-5.46%
TECHNIPFMC PLC 10.55 Delayed Quote.-5.89%
Heatmap :