Forecasts for options for the day
Fourteen of 20 analysts told CNBC that they are cautiously optimistic for the new year. Thirteen of 20 strategists believe U.
Twelve of 20 market strategists from major U. The index finished Monday's session 3, We believe that as we head intothe broader story will continue to be the true "reopening" of the economy in the U.
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CNBC offered the strategists anonymity in exchange for their views. The email-based survey took place from Nov.
Vaccines The wide target range among those polled underscores uncertainty around vaccine production and forecasts for options for the day plans as the Covid immunization process gets underway.
VIDEO Closing Bell "In the scenario that we do see growth and earnings rebound inwhile rates remain low and fiscal stimulus is added to the system Central banks around the globe pumped in so much liquidity to help stem market collapse, that more normalized market conditions give a reason for the next leg in the bull run," said an analyst who is also watching for "delays in U.
Six of 20 analysts identified the euro would deliver the best gains inwhile seven picked China's yuan.
The Chinese currency last traded at 6. Another respondent predicted that the euro zone policies will increase confidence in Europe's economic recovery after the pandemic.
Federal Reserve in Cyclical shares move with the momentum of the larger economy. Fourteen of 20 at that time predicted a win for Joe Biden.