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Wall Street strategists see stocks gaining 9% in 2021 after a possible speed bump to start the year



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Traders work on the floor of the New York Stock Exchange.NYSEThe stock market appears set on rising into 2021 — a year expected to see some return to normalcy, above trend economic growth, and a higher stock market, according to Wall Street.Even with this year’s sharp sell-off, the S&P 500 is notching a near 15% gain for 2020. For 2021, many strategists expect another year of double digit gains.Those in CNBC’s survey expect an average 2021 year-end target 4,056, or about a 9.5% gain from current levels. But some strategists, like Fundstrat’s Tom lee, expect a rally more in line with 2020. Lee sees a surge …

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