Bank of America sees just an average market gain next year because a vaccine is mostly 'priced in'

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New for subscribers: Bank of America sees just an average market gain next year because a vaccine is mostly 'priced in' Check out CNBCPro today.

Bank of America sees modest gains in U.S. stocks next year as the major averages already have a successful Covid-19 vaccine and economic recovery mostly baked in. The Wall Street firm's 2021 year-end price target for the S&P 500 is 3,800, implying about 6% upside from its current levels.

 

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Pro Maybe we can see interest rates rise...free money is not a thing...if anyone thinks otherwise, can I borrow $250,000 for five years and give you back $250,000 after five years...sounds like a good deal...

Pro 90% of news about covid and trump

Pro I'll take an average market gain any day of the week over a market crash :)

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