Grantham on Why the S&P Melt-Up to 3,600 Didn’t Happen
December 14, 2018 at 06:30 AM EST
In a memo in January of this year, GMO founder Jeremy Grantham suggested to clients that they “brace themselves for a near-term melt-up in stock prices that might take the S&P 500 to the 3,600 area,” according to an article in Financial Advisor. Citing a research paper published by Harvard...