8 Monster Stock Market Predictions For The Week Of October 12

 | Oct 11, 2020 01:14AM ET

It will be a busy week for stocks with plenty of economic news. Still, the focus will remain on the potential for an economic stimulus that should help boost the economy. As long as the Democrats continue to entertain President Trump’s offers to do a stimulus, the market will continue to rise on hopes of another 2 trillion dollar relief bill. However, I feel that is unlikely that the Senate would pass such a measure before the election and with the beginning of a confirmation hearing for the Supreme Court nominee.

Additionally, there seems to be a belief that Joe Biden will easily win the election. Also, many believe a blue wave will sweep across the country. I think the chances of a blue wave are slim, and undersampling has given the impression the former VP has a wide lead. My research suggests otherwise. But, this belief will help to elevate the market. – Biden’s Lead Over Trump May Be Much Smaller Than The Polls Suggest

We have typically seen on Monday mornings significant gaps higher for the S&P 500. I don’t think this Monday will be any different with the potential for the S&P 500 to rise to around two 3,500 and potentially as high as 3,560 over the next several sessions.