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By Richard Ross

Our analysis now suggests that we are on the verge of a powerful “Santa Claus” rally in U.S. equities, which holds the potential to carry the benchmark S&P 500 to 1,425 (+5%) by year-end.We remain firmly bullish on the U.S. dollar, and see both stocks and the dollar rising sharply through December, just as they did in 2011. I am less enthusiastic on Europe, where the correction has lagged the U.S. in terms of its magnitude and duration. Similarly, while we anticipate a generally favorable finish for global equities, we believe that the U.S. should outperform emerging markets on a relative basis.

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Source: Santa Claus Rally - EM Vs. DM