Poll results - Rally in global stocks nearly over, further gains will be limited, correction likely by year-end
Reuters polled equity market analysts and that headline above is the summary:
In very brief summary:
- The spread of the Delta variant of the coronavirus and the U.S. Federal Reserve’s pending plans to taper its asset purchases are likely to leave equity markets exposed to turbulence over the coming months.
- positive earnings season catalyst now behind us
- 66 of 107 analysts said a correction in global equity markets by end-year was likely. The remaining 41 said unlikely.
Reuters have published a long piece, with a few anecdotal remarks that you might find of further interest, here is the link for plenty more.
Its been a long time since a 'correction' in the S&P, here's a chart from our site (link here for many free charts!)