Stock market where is it headed
Expect the "Trump rally" to keep going in At least that's what major Wall Street banks predict for U. They are betting that Trump and the Republican-led Congress will get the job done and cut taxes and regulations. Business and consumers seem more optimistic.
If that translates into more spending at stores and on new equipment, Golub argues that it will be an even bigger boost to the economy and profits.
Royal Bank of Canada RY: The market has risen rapidly since, but experts say they're still bullish. What Trump tech slump? Microsoft at all-time high. There's been a "fundamental improvement" in earnings and the economy.
Savita Subramanian, head of U. To get there -- or anywhere close -- Subramanian argues the market needs two things: We've penciled in tax reform package," says Subramanian. But she worries the market has already priced in tax cuts AND a big infrastructure spending bill. What a Fed rate hike means for you.
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Goldman Sachs, which now has four alums in key posts in Trump's transition team and cabinet, forecasts the market will jump in the first quarter as investor continue to bank on high "hopes" for action. They see the U. While there's a lot of focus on the Trump team, the bigger wild card may turn out to be inflation next year. There are already signs it's picking up, especially American worker wages. Some inflation is a good sign that economy is picking up again, but like just about everything in life, the ideal is to get inflation in moderation.
It's telling investors to stay diversified, even though bonds don't look so great. If inflation gets out of control, the Federal Reserve will have to hike interest rates quickly and the second-longest bull market in U. In other words, a negative return year. Start your day right with the latest news driving global markets, from major stock movers and key economic headlines to important events on the calendar.
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Signs abound that the U.S. stock market is headed higher - MarketWatch
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Signs abound that the U.S. stock market is headed higher - MarketWatch
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