‘Powerfully’ Bullish Setup Fuels Year-End Optimism in Stocks
- Nomura, LPL point to historical patterns indicating upside
- Credit Suisse, JPMorgan see possible breakout by energy shares
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U.S. stocks are having a great 2019. And for some strategists the pieces are in place for even more gains into the end of the year, and beyond.
Nomura Securities International’s Charlie McElligott in a note Tuesday suggested gains of 3% in November and December were possible, while LPL Financial LLC’s Ryan Detrick reckoned the S&P 500’s rally through October boded well for the remainder of the year.