Updated
Updated · Bloomberg · May 8
US stocks and gold head for double-digit gains
Updated
Updated · Bloomberg · May 8

US stocks and gold head for double-digit gains

8 articles · Updated · Bloomberg · May 8
  • Bank of America strategist Michael Hartnett said the S&P 500 is on pace for a 20% annualised rise and bullion for a 30% gain.
  • He said a fourth straight year of such strong advances would be exceptionally rare for both assets.
  • For US stocks, Hartnett said comparable prolonged surges were seen only during World War Two, the post-war years and the 1995-1999 bubble.
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