A Downer in December?
from What Goes Up Hosted by Bloomberg
As U.S. benchmark stock indexes keep hitting new highs, at least one Wall Street strategist is on alert for a potential pullback by year’s end. Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets, explains why she’s sticking with a year-end target of 2,950 for the S&P 500, about 5% below where it’s currently trading. Also joining the podcast is Bloomberg’s Ye Xie, who discusses the U.S. trade war with China and democracy protests in Hong Kong from the perspective of a global markets reporter. Mentioned in this podcast: FOMO Grows as Investors Scurry to Catch Stock Market Boom U.S. Senate Readies Quick Vote on Trade Status: Hong Kong Update Patek Philippe Watch Sells for $31 Million in Record Auction
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