Outlook 2020: Will Bulls Forge Ahead?
Jed Graham of Investor's Business Daily reports on the stock market forecast for 2020 stating clears skies from the Fed, China trade deal but 2020 election clouds loom: The stock market forecast for 2020 looks bright to start the new year. The Dow Jones Industrial Average, S&P 500 and Nasdaq composite hit record high after record high in late 2019. The stock market rally kicked into higher gear as the Fed switched to cutting rates and a China trade war truce took hold. Stock market bulls are betting that business investment, corporate earnings and emerging market economies will now revive. The momentum for the stock market rally and Trump economy should carry through at least mid-2020. Then Wall Street will turn its focus to the outcome of the 2020 election — with the risk of a major U-turn in tax and regulatory policy — and reassess the chances of a new Fed rate-hike cycle. Apple (AAPL) and chips such as Advanced Micro Devices (AMD) and Nvidia (NVDA) are expected t