Stocks in 2022 face bumpy ride as S&P sits at record
SlateStone Wealth chief market strategist discusses the impact of inflation on the stock market on ‘Making Money.’
Equities are on quite a run in 2021 with the S&P 500, the broadest measure of U.S. stocks, sitting at a fresh record high and many strategists see the momentum continuing in the new year but not without some bumps.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| SP500 | S&P 500 | 4725.79 | +29.23 | +0.62% |
“I think we need to get through one or two earnings periods to prove both businesses and consumers alike are as adaptable as they were during this first wave of the COVID virus. I think we could gradually grind higher, maybe if we are lucky, get to 5,100 next year,” UBS Managing Director and senior portfolio manager Jason Katz told FOX Business.
MIXED MESSAGES OF THE MARKET: JASON KATZ OF UBS
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| SPY | SPDR S&P 500 |
