Thursday, 21 January 2021
Given that the overall trend direction remains clearly upwards, a continuation of the 2020 bull trend in the S&P 500 towards above 4,000 seems the most likely scenario in the coming months and quarters. At the same time, we think that - at least - a decline of 5% in the S&P 500 is lurking at some point during the coming weeks or months.
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