This Market Rally Has Legs, Six Strategists Say. Here’s Proof
- History shows stocks tend to gain 12 months after new record
- Fed is not likely to allow a large major decline: Citi
This article is for subscribers only.
When the stock market started to revive from the depths of the March lows, the killjoys were ready. It can’t last -- just look at the state of the economy, they said. It’s going to crash again.
That message was repeated over and over even as the S&P 500 advanced more than 50% and added $10 trillion in value. Since surpassing its pre-Covid high last week, the index has notched records more than a half-dozen times.