
CFRA's Stovall expects the new bull market to run at least two years
Money Life with Chuck Jaffe · Money Life with Chuck Jaffe
December 18, 20201h 0m
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Show Notes
Sam Stovall, chief investment strategist at CFRA Research, says he expects a "digestion of gains" that could lead to a pullback or a mild correction, but he says that history says there are "two-plus years ahead of us before we have to start tiptoeing through the possibility of another bear market." Crit Thomas says that it is going to be a better year for consumers than the market, because the market has already discounted the recovery. XConsumers will be happy but the market has anticipated this, so even though we are starting anew bull market ... so even though expected returns booking even beyond 2021 may be more moderate, the early stages of the bull market suggest we should have a tilt towatrd risk on