The equity market could continue to gain strength, but there are risks, according to a new report from Fidelity.
According to "Can the Sweet Spot for Stocks Continue," four important factors have played into the recent stock market rally: economic momentum, monetary stimulus, technical conditions and investor sentiment.
"The U.S. stock market has been on a tear since the end of last year," said Jurrien Timmer, co-portfolio manager of Fidelity Global Strategies Fund and director of Global Macro for Fidelity's Global Asset Allocation division. "The rally has been impressive, with the Dow up about 1,000 points so far this year — and back above its all-time closing high of 14,164.53 set on Oct. 9, 2007. The S&P 500 Index is about 25 points shy of its all-time closing high of 1,565.15.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
