At InvestingHaven we spend a lot of time researching global markets to find the most profitable segments. We report them in our annual forecasts, and in recent months we wrote again some 30 such forecasts. According to our research, we expect some outspoken trends in 2020. This article is a summary of the most bullish trends in 2020.

In general, we forecast that stock markets will be bullish, both in the U.S. as well as emerging markets. Europe will follow their path. Buy and hold the right equities will work in 2020.

Equally important is the new precious metals bull market that started in 2019. As per our gold forecast and silver forecast we expect gold to move higher, but silver to move once or twice aggressively higher in 2020. This is also the short answer to the question which precious metal to buy in 2020. Timing entries and exits will be crucial for success, especially for silver investments.

Bullish Global Stock Market

Global stocks will be bullish in 2020, according to our risk cycle analysis.

We see this clearly in the patterns of our leading indicators, first and foremost 10-year U.S. Treasury rates as well as the Russell 2000 index. Note that we use these indicators not as signals to buy these markets, but rather as indicators to understand the trends of broad stock markets.

In particular according to our Dow Jones Forecast for 2020 and 2021 we see 32,000 points in the index as an achievable target in the foreseeable future. It's one of the most bullish forecasts we have for 2020.

This is an important quote from our forecast (we also recommend to check out the Dow Jones 20 years chart as well as its historical chart on 100 years):

Our Dow Jones forecast is strongly bullish for 2020 as well as 2021. A first price target of 32,000 points in 2020. Both the Dow as well as global stocks will be bullish. However, prepare for a market crash in 2022. Enjoy till then!

If U.S. stocks are the place to be, then which segments are the ones that are worth considering in 2020? We answered that question in our 6 best sectors for 2020, and may summarize them as follows:

1. Semiconductors.
2. Dynamic software.
3. Computer hardware.
4. Medical devices.
5. Investment services.
6. Consumer finance

The first 3 sectors are in the technology segment, medical devices is part of the health uptrend and the 2 last sectors in the list are specific to finance.

This does not imply investors have to buy all these sectors, but a basic diversification to play the stock market bull market is a good option to consider.

What about high beta technology stock segments like biotech? According to our biotechnology forecast we expect a rise of 20% to even 50% in the next 18 months. The challenge with the biotech space is that individual names may be too volatile to stomach so playing the ETF might be a better option.

Outside of the U.S. we see a mildly bullish outlook in emerging markets. After so many years we see a continuation of the bull market in emerging markets. We expect the EEM ETF to rise above 45 points in 2020 with a first target between 45 and 50 points. We expect an acceleration going into 2021, with 55 points as a 2021 target.

Commodities Mildly Bullish, Look For Some Aggressive Spikes

Commodities are expected to behave mildly bullish but we expect fragmentation. Precious metals will likely be bullish some of the time, the same goes for the steel sector (with a bullish steel stocks forecast in the first part of 2020).

Commodities like coffee are a great illustration of a spike that will fade in 2020. Carefully timing entries/exits will be imperative for any investors who wants to play this type of market.

Some other commodities like sugar should be neutral at best, mildly bearish at worst.

According to our gold forecast, we expect the gold bull market to lead the way higher for silver and platinum. However, this is the type of bull market that will start slowly and accelerate. Our first gold price target is $1,750, a peak which we expect to take place in 2020.

Silver will rise mildly in 2020 to peak around $22. However, in 2021 and beyond silver is expected to accelerate its pace. Again, one or two spikes will put silver in the picture, but we don't expect them those peaks to hold for a long time.

We don't expect safe havens to be in vogue in 2020. Gold and silver have a dual investing purpose: they react on inflationary expectations but can also act as a safe haven. For 2020 we don't see safe havens get a bid, and precious metals will be bullish for their inflationary correlation.