Despite the volatility of this year’s stock market, many researchers and experts are saying that the growth in the economy will continue into 2017. Although the risk and instability remain high, the trends in the stock market are looking quite positive. Some claim that the stocks in the US may even reach new heights in the new administration, granted the federal government implements the policies it has promised.
Key Takeaways:
- Brokerage firm Charles Schwab on Tuesday forecast a nonlinear trajectory to record highs in 2017, indicating that 2016’s equity rally would continue, albeit with higher volatility.
- Like a lot of investors and traders, Schwab analysts see an acceleration in economic growth next year, thanks to the policies that President-election is expected to support.
- Stocks have performed well since Trump’s unexpected electoral victory last month, with major indexes getting about half of their year-to-date gains in the post election rally.
“Investors expect that Trump’s economic platform—which is expected to include massive corporate tax cuts, infrastructure spending, and environmental and financial deregulation, although few details have been released—will prove bullish to the equity market.”
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