Markets were mostly higher on Tuesday.
The S&P 500 rose 1.3 percent and the STOXX Europe 600 rose 0.3 percent.
Earlier in the day, though, Asian markets were mostly lower, with the Nikkei 225 down 0.2 percent.
“We may have already gotten a little bit of a Santa Claus rally,” said David Waddell, chief investment strategist at wealth advisory firm Waddell and Associates. “I wouldn’t be surprised...if the market consolidated its gains a little bit.”
Nobel Prize-winning economist Robert Shiller said that the stock market is “highly priced, but it’s not so high that I wouldn’t consider it as an investment”.
Brian Belski, chief investment strategist of BMO Capital Markets, thinks that “stocks will continue their march higher in 2021”.
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