What 2020 Did To Wall Street
Prudential called it "a year of extreme extremes." And it isn't over yet, although 2021 currently looks a lot calmer and more than a little cheerier.
Recent
Miller Tabak: IPO Boom Doesn't Signal Market Top
A slight pullback last week hasn’t changed Miller Tabak’s view that the Santa Claus rally will run at least until next year. Stocks aren't done yet.
Jefferies: Less Gold, More Bitcoin
Cutting bullion allocation by 5% in favor of crypto is a small step but it's also a big deal in terms of shifting hedges as the dollar declines.
Where's The Consensus?
Even if everyone agrees that vaccines will ignite the economy next year, Wall Street’s collective consciousness has no idea what it actually means.
Larry Fink: IPO Boom Will Create "Accidents"
DoorDash and Airbnb are only a symptom of unsustainable growth projections, BlackRock CEO warns the investment community.
Morgan Stanley Tentatively "Optimistic" On An OK 2021 Ahead
Targeting 3,900 on the SPY really isn't doing anyone any favors, but in a deep post-COVID recession at least they aren't forecasting any kind of crash
Jeff Saut: People Still Underinvested With Stocks At High
“Secular bull markets tend to last 18 to 20 years,” Saut said. “I think people are way too cautious here. I think people are underinvested.”
