Stocks still have significant gains in front of them heading into 2025, at least according to BMO Capital Markets.
Although bull markets over the past 50 years have averaged about six years in length, the current bull market is just starting its third year but, unfortunately, the third year of past bull markets have been the weakest of the bunch, he cautioned.
.SPX YTD mountain The S & P 500 is little changed on Monday, but has gained about 23% in 2024.
Heading into 2024, the S & P 500 had advanced more than 24% in 2023.
The latter envisions the S & P 500 ending 2025 at 5,500, or about a 6% decline from the index's current price, mostly as a result of inflation picking up steam.
Persons:
Stocks, Brian Belski, Belski, Belksi
Organizations:
BMO Capital Markets, BMO, Federal Reserve, & $
Locations:
Canadian