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S&P 500 May Eye Higher Levels on Post-Election Stimulus Hopes – DailyFX
The S&P 500 index may weather through near-term volatility and aim for higher levels on post-election stimulus hopes. Pandemic risk and monetary easing may also…
S&P 500 FUNDAMENTALFORECAST: BULLISH
- The S&P 500 index may aim for higher levels with further stimulus hopes after the election
- Over 86% of S&P 500 companies have beaten Q3 earnings estimates, though profit fell 14% YoY
- A post-election stimulus package and further monetary easing are likely to cushion pandemics impact
S&P 500 Index Outlook:
The S&P 500 index climbed to a three-week high as election results appeared tilt towardsJoe Biden, whos victory may point to a larger fiscal stimulus package…
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