The bull market on Wall Street has run into a wall of alarming news: turbulence in China, vague Federal Reserve policy, a crash in oil prices, and a slowdown in earnings growth.
Those shockwaves have wiped out 6% of the value from the S&P 500 so far this year.
Here’s the good news: investment professionals polled by CNNMoney believe a year-end Santa Claus rally will lift stocks off the mat and prevent a bear market from materializing. On average, survey respondents estimate the S&P 500 will end the year at 2015, up 3% from Friday’s close.
Find out more at CNN Money.
Photo courtesy of: Bran Sorem