(Bloomberg) — The U.S. stock market’s record-setting rally will lose some steam in 2020, with the risk of a pullback increasing in the next few months, according to RBC Capital Markets.Lori Calvasina, the firm’s head of U.S. equity strategy, predicted that the S&P 500 will finish next year at 3,350, a gain of roughly 7% from Tuesday’s close, while profits will grow 6% to $174 a share. With valuations expanding and fund managers turning “euphoric,” investors should watch out for a market retreat that’s bound to occur by the end of March, she warned.“We expect 2020 to be a year …read more
Source:: Yahoo Finance
