S&P up for fifth-straight week | Who does Wall Street love? | JP Morgan co-president's outlook

Year-end optimism pushed stocks to a fifth-straight week of gains on Friday.

VIEW IN BROWSER | SUBSCRIBE FRI, DEC 27, 2019 EVENING BRIEF AS OF FRI, DEC 27, 2019 • 04:07 ET DJIA 28645.26 +0.08% +23.87 S&P 500 3240.02 +0.00% +0.11 NASDAQ 9006.62 -0.17% -15.77   Most Active DOW NAME LAST CHG %CHG AAPL 289.80 -0.11 -0.04% MSFT 158.96 +0.29 +0.18% INTC 60.08 +0.26 +0.43% S&P 500 NAME LAST CHG %CHG AMD 46.18 -0.45 -0.96% AAPL 289.80 -0.11 -0.04% GE 11.18 -0.05 -0.45% NASDAQ NAME LAST CHG %CHG AMD 46.18 -0.45 -0.96% AAPL 289.80 -0.11 -0.04% MSFT 158.96 +0.29 +0.18% EDITOR'S NOTE   The S&P 500 notched its fifth straight week of gains and it's up about 29%  for the year.   Who could have predicted such a rally in a year that was haunted by recession fears and peppered with trade war salvos?   Not only were gains of this size unforeseeable, but the 2019 rally also defied seasonal trends, frustrating investors who traded based on historical patterns.   January, which is historically one of the weakest months for stocks, enjoyed the biggest gains in 2019, writes CNBC's Jesse Pound. June, also one of the worst periods, was the second-best month for gains, according to data from Bespoke.     What's ahead for 2020 depends largely upon whether President Donald Trump is reelected, writes CNBC's Patti Domm. Wall Street loves the gains that have come during Trump's presidency, and it's wary of policies a progressive candidate may pursue.   Sam Stovall, chief investment strategist at CFRA, says the market fears the current raft of Democratic candidates, except for former New York Mayor Michael Bloomberg, who joined the race late and has low polling numbers, so far.   "The only two people palatable to the market, in my opinion, are Bloomberg and Trump," Stovall said.    Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.   Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  S&P 500 enjoys fifth straight week of gains Stocks head into 2020 betting on Trump election victory Here's how a bull market scrambled seasonal trends in 2019 JP Morgan's co-president talks about his 2020 outlook, the Big Tech threat and socially conscious investing Apple is the big stock king even as Wall Street grows wary Michaels names Walmart executive as new CEO in leadership shuffle What Beyond Meat and WeWork can teach us about the next decade of IPO investing A decade of Obamacare: How health care went from wrecking to boosting Democrats Nike, Coca-Cola and Zynga are among the stocks to watch for 2020, according to Wall Street analysts Tech stocks are poised to close out their best year in a decade, propelled by Apple and AMD     TOP VIDEO Trend of moderate growth will continue: Former Atlanta Fed president   CNBC PRO Here are JP Morgan's top internet picks for 2020   SPECIAL REPORTS Investors should brace for stocks to drop at least 15% in early 2020, money manager Jack Ablin says CNBC Tech Check Morning Edition: December 27, 2019   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2019 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS