At the close of trading next Thursday, the bull market will be ready to run into 2021 but probably at a slower pace, Patti Domm of CNBC writes. The average expectation for the S&P 500 at year end 2021 is 4,056, according to a CNBC survey of strategists. The bull market turned nine months old this past week. In the remaining course of the bull markets, their average compounded growth was just 20.3 percent, showing a slowdown in the rate of gains. “Following these typical jackrabbit starts, bull market advance rates typically slowed, posting smaller compound annual rates during the remainder of their bull-market runs,” Stovall noted.

Source: The Standard December 25, 2020 13:07 UTC