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A Wall Street expert who called the stock market’s late-2018 meltdown warns another plunge could arrive in December — and shares his investing advice for 2020

“The market eventually succumbed, and the S&P 500 bottomed on Christmas Eve about 18% from the high it had reached in September” writes Akin Oyedele for businessinsider.com. Despite Bannister’s call for a potential market correction in December, he remains bullish on the stock market into 2020.Nearly all the closely followed chief equity strategists on Wall Street who have released their 2020 forecasts expect stocks to continue rallying.But after a 26% rally in the S&P 500 year-to-date, he says investors may have already priced in much of the progress on the so-called Phase 1 deal.
 
Source: businessinsider.com



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