A Southwest Airlines Boeing 737 passenger jet
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Wall Street is calling for recovery, reflation and rotation this year amid continued accommodative monetary and fiscal policy, according to analysts.
Among the bulls, strategists from J.P. Morgan estimate that the S&P 500 could reach 4,400, with a range of 4,200 to 4,600.
“Global growth will likely be below trend in early 2021, but the strongest global recovery in a decade should play out by the end of 2021, with global GDP growth reaching 4.7% (Q4/Q4) if vaccine prospects play out as expected… our forecast sees macro and market momentum ahead as the advancement of vaccines breaks the link between mobility and the…