MarketWatch: "The next 10% up in the S&P 500 is all about the pandemic recovery — and it’s doable, this analyst says"

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MarketWatch: "The next 10% up in the S&P 500 is all about the pandemic recovery — and it’s doable, this analyst says"

Excerpt from MarketWatch quoting DataTrek’s Nick Colas:

… “Can the S&P 500 index top 3,430 — another 10% leg up?

It may sound like a stretch, but Nicholas Colas, Co-founder of DataTrek Research, says it’s doable. “The bottom line: the next 10% in the S&P is 100% going to be about post-COVID crisis economic recovery,” Colas said. Here’s what that will look like.

If stocks rally, it will be because of fundamental and technical strengths in financial, industrials and consumer discretionary stocks, Colas said”…

Read the full article here on MarketWatch!