Fundstrat’s Tom Lee on what to expect for markets in 2020. With CNBC’s Brian Sullivan and the Fast Money traders, Pete Najarian, Brian Kelly, Dan Nathan and Tim Seymour.
The bull market in U.S. stocks rolls on.
From the trade war between the U.S. and China and the slowdown in global economic growth, to Britain’s messy exit from the European Union and the potential impeachment of President Trump, nothing has dampened the enthusiasm for stocks.
The American economy remains in the midst of the longest economic expansion on record and the longest — if not strongest — bull market in stocks. Despite some concerns about higher volatility from a range of potential factors, registered investment advisors expect 2020 could be another good year for both the economy and the stock market.
“The cycle has been long but the economy has also been slower than in past cycles and without the big imbalances we’ve seen previously,” said Alan Cohn, president of Sage Financial, ranked No. 50 on the CNBC FA 100 list of top investment advisors for 2019. “With interest rates low and the U.S. economy good, we think there’s still room to run.”
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