Credit Suisse raises S&P 500 forecast, sees 20% gain for 2019

Underneath the stock market‘s epic rebound has been a “more favorable” trend that Credit Suisse says will drive the market higher.

The bank dialed up its year-end forecast for to 3,025 from 2,925 previously. The new outlook calls for a gain of more than 20 percent for full-year 2019 or more than 7 percent from current levels after the big rally to start the year. It would also be the stock market‘s best year since 2013.