Tom Lee of Fundstrat anticipates a potential surge of up to 30% in the stock market next year, bolstered by expectations of a reduction in inflation.
Inflation appears to be moderating, unemployment levels low, interest rates could be coming down. Many economists now predict US may avoid recession.
For Wall Street, the housing market this year was hard to target and analysts often found their forecasts missing the mark.
LPL Financial has reached a settlement agreement to the tune of over $6 million in response to allegations by Financial Industry Regulatory Authority.