Forbes, July Stock Market Outlook, July 2021


Halfway through 2021, the U.S. stock market is full speed ahead. The S&P 500 just rose for a fifth straight month, notching its latest all-time high to close out June. The benchmark index is up 14.4% year to date while the Dow Jones Industrial Average and Nasdaq Composite both are up more than 12% each.

While the bulls on Wall Street might be hoping for a second half that’s about as good as the first, the bears are awaiting some catalyst to finally cause the S&P 500 to fall after surging nearly 40% in the past 12 months. And in the middle of that bear-bull debate are strategists who currently forecast that the S&P 500 will end the year just 0.6% higher than where it finished in June, according to the median estimate of a survey conducted by CNBC as of mid-June. [Read more…]