Mark Kolbe/GettyAfter the worst start to a year ever, the stock market surged to new highs in 2016.
All the major indexes rebounded to records and defied the doomsday forecasts that preceded events like Brexit and President-elect Donald Trump’s election.
For next year, no strategist at a top Wall Street firm forecasts that the bull market will end. Many expect America’s largest companies to return to earnings growth, and to see other benefits from Trump’s promises to cut taxes and ease regulations.
Near this time last year, the median year-end forecast for the benchmark SP 500 index was 2,178 according to Bloomberg. On Thursday, December 8, the SP 500 closed at 2,246.19, up 12% for the year, and higher than the forecast from the most bullish strategist, Fundstrat’s Tom Lee.
Here’s what some of the pros are saying about 2017: