Excerpt from Crain’s New York Business quoting DataTrek co-founder Jessica Rabe:
…. “One of Wall Street’s most insightful analysts, Jessica Rabe of DataTrek Research, said the S&P 500 is about to complete a third straight year of double-digit gains.
That’s unusual. Will it go up again?
“The odds of this year’s positive momentum carrying into next year is a coin toss,” Rabe conceded.
She noted the market has produced four consecutive years of double-digit returns four times since 1928, most recently in 1998 and 1999. Then a three-year bear market began. Is that relevant now? This prediction stuff is hard?”….
Read the full article here on Crain’s NY Business!