"It's so hard to make a prediction on where they end up, but we're hopeful that the two sides can get together and have some type of combination of spending cuts as well as tax reform," said David Giunta, chief executive for Natixis Global Asset Management's U.S. Distribution.
"It looks like, at least around the edges, mild progress ... between the administration and the leaders of Congress to avert the fiscal cliff," said Wright.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts