Next Move for Stocks Is 5% Advance Says Deutsche Bank's Bianco

  • Cuts year-end forecast by 2.2 percent to 2,200, EPS to $120
  • Correction has ``overly punished other sectors,'' Bianco said

Being Bullish: Making the Case for Stocks in 2016

While falling oil may erase earnings in the energy industry this year, the reaction in the stock market has been too severe and the next move in shares will be a 5 percent advance, according to David Bianco, Deutsche Bank AG’s chief U.S. equity strategist.

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