Yahoo Finance: "Sure, we could see another year of double-digit returns"

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Yahoo Finance: "Sure, we could see another year of double-digit returns"

Excerpt from Yahoo Finance quoting DataTrek co-founder Nick Colas:

…. “DataTrek Research looked back at the history and observed that the market delivered three (or more) consecutive years of >10% five other times: 1942-1945, 1949-1952, 1963-1965, 1995-1999, and 2012-2014.

While it wouldn’t be unprecedented to have another year of double-digit returns, it would be pretty unusual. And DataTrek’s Nicholas Colas has his doubts.

“If we had to guesstimate, we’d say 80% of all the baseline good news expected in 2021 is already incorporated in an S&P 500 at 3,700 in late December 2020,” Colas wrote last week”….

Read the full article here on Yahoo Finance!