Wells Fargo Analysts (NYSE: WFC) predict that the S&P 500 will remain relatively flat during 2010.
In a recent report, the banks analysts said that the S&P 500 will remain “fairly flat relative to current levels” throughout 2010 and the market will end the next year about where it’s at now.
According to the firm’s report, “On average, stocks are flat 12 months after relief rallies, and we expect 2010 to generally follow suit.”
The analysts predict that ripple effects will occur when the Federal Reserve eliminates various supports and when provisions in the Stimulus package expire. The firm says that there will also be continued difficulties for consumers and that the potential for a stronger dollar could bring pain to equities.
