Market Moves
Market Already Has Priced in Good 2021 Earnings, Says Moody’s
Profit forecasts are heady for next year, after 2020’s bust. But it won’t boost stocks much, John Lonski says.
The coronavirus may be the disastrous surprise that overwhelms public health officials and slams the markets, the firm's Lonski admonishes.
The firm points to stock rally and lower junk yields as key to New Year market sentiment.