The final month of the year is typically a good month for the stock market.
The S & P 500 could rise to about 6,081, from where it closed last week at 6,032.38.
That means the S & P 500 would top 6,100, according to Johnson, who sees small-cap and midcap stocks as primary beneficiaries of the broadening rally.
This means the S & P 500 could end the year around 6,140.
On average, the S & P 500 gains 1.6% during this period.
Persons:
Craig W, Johnson, Piper Sandler, SPX, Oppenheimer's Ari H, Wald, CFRA's Sam Stovall, Roth, JC O'Hara, Santa Claus, bode, Jonathan Krinsky
Organizations:
Dow Jones Industrial, Dow
Locations:
Santa