- Crossmark Global Investment’s Victoria Fernandez has a positive outlook for the S&P 500 heading into 2021.
- She broke down why she’s more bullish on development stocks than worth– and shared the two names she most just recently added.
- Check out Company Insider’s homepage for more stories
For Victoria Fernandez, the stars are aligning for an ongoing bull market through 2021.
” We’ll have stronger economic fundamentals, the resuming excitement, we have some of the political stress decreasing here in the US and in regard to Brexit,” the Crossmark Global Investments chief market strategist told Service Insider on December17
Tuesday’s news that President Donald Trump was asking for that Congress increase direct private payments from $600 to $2,000 in the second COVID-19 relief expense– which will seemingly delay when that relief would have arrived– was no exception.
Fernandez says it remains in fact a win-win circumstance for markets.
” No deal is probably not an option anymore. Rather you have the present offer which offers assistance to people or you get an even bigger deal, if not immediately, in about 3-4 weeks when the new administration takes office,” she said in an emailed declaration on December23
” Markets could be taking a look at this as a favorable in the longer go to acquire a bigger offer as Republican politicians are forced to agree to larger numbers than they were originally comfy with.
” This supplies much more tailwinds for the marketplaces integrated with Fed liquidity and raised savings rates which will probably come feed through to higher spending next year,” she included.
Fernandez’s optimism heading into next year isn’t precisely unique on Wall Street today– most see substantial advantage for the S&P 500