Major markets continued to march to record highs despite the political turmoil in Washington. Hopes for significant fiscal stimulus under the incoming Biden administration and prospects for the Democrats gaining the Senate boosted sentiment and helped drive global markets up 2.8% year to date.
Wall Street analysts’ profit forecasts for the quarterly earnings season that opens this week have recently been rising. According to FactSet, projections of earnings by companies in the S&P 500 increased by 2.3% over the course of last year’s fourth quarter. CLICK HERE