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S&P Has Room To Explode Another 11%
Video Credit: Wochit
Published on August 30, 2020 - Duration: 00:41s
S&P Has Room To Explode Another 11%
S&P 500 can explode a further 11% and touch 3,900 before the end of the year.
But, the growth will be dependent on if Pres.
Trump's revolutionary vaccine plan gets recognized Anthony Denier, CEO of Webull told Business Insider: "I would predict the S&P to flirt with 3,900." The White House is mulling an emergency use authorization for UK-based AstraZeneca's experimental vaccine before the November election.
The S&P 500 hit multiple record highs this week following the news, and closed above 3,500 on Friday.
But veteran strategist Ed Yardeni told Business Insider most vaccine news has already been priced in to S&P500.
"Its already gone to the moon on a rocket ship," he said.
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