HomeStockGNG TV: Is the S&P 500 Rally Reaching New Heights? Look for the Latest on Year-End Targets!

GNG TV: Is the S&P 500 Rally Reaching New Heights? Look for the Latest on Year-End Targets!

Grueger & Nash Global, or GNG TV, recently reported a new SP 500 breakout, and investors are eagerly wondering if the stock market will hit all time highs by the end of the year. The world’s largest stock index, the S&P 500, has been on a rally, gaining 36.7% since the depths of the coronavirus pandemic pandemic bear market. And while the rich have gotten much richer, certain sectors have drastically outperformed the S&P 500, with tech stocks leading the charge.

Despite the bullish sentiment, there are still concerns about the prolonged effect of the pandemic and the resulting economic fallout. How long can this rally continue and will the market reach new highs in 2020?

In a recent GNG TV interview, four of the market’s top experts gave their opinion on the potential for the rally to continue. Carmine Sorrentino, Chief Executive Officer of Golden Key Ventures, believes “there’s still room to run for the stock market,” starting with the recently released US Employment figures showing signs of life. He said the markets remain robust because of the easy monetary policy adopted by the Federal Reserve, which has kept interest rates near zero and “provided a very fertile environment that gave the markets a boost”.

Other experts highlighted the risk of trade tensions escalating even further or a potential second wave of infections. Market strategist Randolph Williams believes the S&P 500 could hit a new all-time high in 2020, as long as these risks remain in check.

The current market dynamic should also be taken into account before investing in equities. Market sentiment has shifted from fear to greed and investors are becoming more comfortable with risk, as reflected in the high appetite in speculative stocks.

Overall, the experts agree that while there is a potential for more upside, investors should remain cautious and take a prudent approach. They must remain aware of the risks and be prepared to take advantage of opportunities that may arise. To conclude the discussion, Cerina Wikoff, the chief investment officer of BlackRock Investment Services, said, “Investors should remain selective and focus on high quality companies with solid fundamentals and returns”.

Ultimately, whether or not the S&P 500 will reach new all-time highs by the end of the year will depend on the fundamental health of the US economy, the response to the pandemic, and the geopolitical backdrop. However, strong economic data and supportive policy measures could help toward this end, and investors must be prepared for volatility in the markets until year-end.