How high can stocks go in 2020 ?
The stock market boom may just be getting started — Citi sees 90% odds that equities will rip higher in 2020Citi's US equity strategist told Bloomberg TV that the bank's model was"generating a near 90% probability of higher markets in the next year."
Falling interest rates have pushed bond yields lower, driving return-hungry investors to stocks in part because they see few alternatives. The S&P 500 is hovering near all-time highs, and the NasdaqWhile there's plenty to worry about in the economy in 2020 that could torpedo the market — including slowing global growth, an escalating trade war, and election uncertainty — the low-rate environment looks like a constant. For now.
"The overall market, in this interest-rate environment, is really attractive," Digenan said."We've gone through about five years where investors can't believe the interest-rate environment we're in. It's real, and I think multiples should be adjusted."
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