Investors bullish on stocks, hoping for a brighter 2021
03 Jan 2021
Traders carry out routine work on the floor of the New York Stock Exchange. Reuters
US stocks closed 2020 on a strong note, and many investors are betting the party will continue after a tumultuous year that marked both the end of the longest bull market and the shortest-lived bear market ever.
Risks abound, including a resurgent coronavirus pandemic, concerns about the speed of rollout of vaccines and high-stakes Jan. 5 US Senate runoffs in Georgia for the balance of power in Congress. Still, many investors are looking past these threats.
“We are going to continue to see a push higher,” said Commonwealth Financial Network’s head of portfolio management, Peter Essele, who sees stocks in the early stages of a multi-year bull run.