BofA Hartnett: Price: historic price rally
Policy: stimulus peaking
Profits: bull surprise
Pandemic: rising risk
Politics: potential risk
Conclusion: S&P500 range 3300-3600, market tops between election and inauguration, buy laggards (banks, energy) and own volatility.
Chart: we top on Q3 EPS ≈ $140 + SPX @ 3600 PE of 25x tasty