{"id":367089,"date":"2019-01-02T23:00:03","date_gmt":"2019-01-02T23:00:03","guid":{"rendered":"https:\/\/wncen.com\/?p=367089"},"modified":"2024-06-11T21:14:53","modified_gmt":"2024-06-11T21:14:53","slug":"stock-market-trades-sideways-analysts-believe-strong-chance-of-rally-in-2019","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/stock-market-trades-sideways-analysts-believe-strong-chance-of-rally-in-2019\/","title":{"rendered":"Stock Market Trades Sideways, Analysts Believe Strong Chance of Rally in 2019"},"content":{"rendered":"
The stock market is currently experiencing a sideways trading session, with all of the major benchmarks trading down slightly. Although the markets have seen unprecedented volatility towards the end of 2018, analysts still have lofty expectations for how some major stocks will perform in 2019.<\/p>\n
Their bullish views on the future of the markets<\/a>\u00a0is mostly validated by recent comments from Jeremy Siegel, professor of finance at the University of Pennsylvania\u2019s Wharton School of Business, who also called the Dow hitting $20,000.<\/p>\n The\u00a0market<\/a>\u00a0has kicked off its first trading session of 2019 with a sideways trading session.<\/p>\n At the time of writing, the Dow Jones is trading down marginally at its current price of $23,296. The S&P 500 is also trading down slightly at its current price of $2,505. The Nasdaq is trading up 0.2% currently at $6,648.<\/p>\n Throughout the last quarter of 2018, the equities market has seen growing volatility resulting from growing trade tensions between the US and China, Brexit concerns, and rising interest rates from the Fed. The volatility, which led the benchmarks to end 2018 down, sparked concerns from investors and analysts alike regarding the possibility of a recession.<\/p>\n Jeremy Siegel spoke about the current market conditions, saying that although the markets<\/a>\u00a0are positioning themselves for a recession, if one is avoided the markets will have a great rally. He also noted that the next three months will likely be rough for equities investors.<\/p>\n \u201cMy feeling is that the market is virtually positioned for a mild recession, but I just don\u2019t think that it\u2019s going to happen. If we avoid a recession, we\u2019re going to have a really good market\u2026 I think we swung too positive last summer and now I think we\u2019ve swung too negative,\u201d he told CNBC in a recent interview<\/a>.<\/p><\/blockquote>\n Clearly, analysts are not too fazed by the recent market volatility as they still hold lofty end-of-year price targets for some major stocks.<\/p>\nStock Market Trades Flat, Analyst Says There Could be a Major Rally if US Avoids a Recession<\/strong>\u00a0<\/strong><\/h2>\n