NEW YORK: US stocks will rise about 10% next year from last Friday’s close, led by gains in banks and technology companies as the market recovers from its August rout, Wall Street strategists told Barron’s.
A strong dollar, tumbling commodity prices and global economic stagnation will constrain earnings growth, according to strategists surveyed in Barron's “Outlook 2016” story in the magazine’s Dec 14 issue. Respondents were bearish on utilities, metals and mining shares, while they split evenly on their outlooks for energy stocks.
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