According to Money Morning Global Credit Strategist Michael Lewitt, there is a scenario where the market goes even higher. Lewitt's stock market forecast for 2017 has a range for the S&P 500 between 1,800 and 2,400. In that scenario, the market has an upside of about 7%.
Full Answer
Was 2017 a good year for the stock market?
In 2017 the S&P 500 finished the year up 21.7% in terms of total return. In 2018 the S&P 500 finished the year down 4.4% in terms of total return. In 2017 the S&P 500 trailed ex-U.S. stock markets by almost 6%. In 2018 the S&P 500 beat ex-U.S. stock markets by more than 9%.Jan 3, 2019
What was the stock market performance in 2017?
There are many stock market indexes, including the S&P 500. This index includes 500 of the largest US companies, and some investors use the performance of this index as a measure of how well the market is doing....YearS&P 500 annual return201612%201721.8%2018-4.4%201931.5%7 more rows•Jun 14, 2021
How did the market do in 2017?
The Dow Jones industrial average shot up by 25%, the S&P 500 surged by 19% and the tech-heavy Nasdaq index outshined them with all with a stunning 28% gain. Argentina's Merval index surged 77% this year and hit a record high in the final week of 2017.Dec 29, 2017
Was there a stock market crash in 2017?
The Dow Jones Industrial Average DJIA, +0.71% plunged 508 points, or nearly 23%. In current terms, a fall of the same magnitude would knock the Dow down by more than 5,000 points.Oct 19, 2017
How much was the market up in 2017?
Dow Jones - 10 Year Daily ChartDow Jones Industrial Average - Historical Annual DataYearAverage Closing PriceAnnual % Change201721,750.2025.08%201617,927.1113.42%201517,587.03-2.23%67 more rows
How many years has the S&P 500 lost money?
Over the past 91 years, the S&P 500 has gone up and down each year. In fact 27% of those years had negative results. As you can see in the chart below, one-year investments produced negative results more often than investments held for longer periods.
Why did stocks go up 2017?
ZARROLI: In fact, many stock analysts say Trump's agenda of tax cuts and deregulation probably contributed to the boom. But the main reason for the surge has to do with global economic conditions. Stocks were up in much of the world.Dec 29, 2017
Why did the stock market rise in 2017?
The booming stock market is the result of resurgent economic growth and blockbuster corporate profits. The biggest catalyst was likely the sweeping tax cuts President Trump just signed into law, which over time will save corporate America billions on what they owe Uncle Sam.Dec 29, 2017
How did the Dow perform in 2017?
Despite losing 118+ points during the final trading session, the Dow Jones Industrial Average ended the year at 24,719.22, close to its all-time high, and having advanced just shy of 5,000 points for an annual gain of 25.08%. That performance is the best since 2013, when the DJIA gained 26.50%. contributor in 2017.Dec 28, 2017
What happened February 5th 2018?
On the fifth of February, 2018, the Dow Jones Industrial Average dropped 1,175.21 points, the largest single-day fall in history in raw point terms. This followed a 666-point loss on the second, and another drop of over a thousand points occurred three days later.
What caused the 2018 market crash?
The S&P 500 in December 2018 fell more than 9% as investors feared a central bank ready to tighten monetary policy, a slowing economy, and an intensifying trade war between the U.S. and China. It marked the worst December since 1931.Dec 8, 2021
What was the worst year for the stock market?
1929 stock market crash The worst stock market crash in history started in 1929 and was one of the catalysts of the Great Depression. The crash abruptly ended a period known as the Roaring Twenties, during which the economy expanded significantly and the stock market boomed.Feb 2, 2022
Donald Trump has been very good for the stock market so far
Expect the "Trump rally" to keep going in 2017. At least that's what major Wall Street banks predict for U.S. stocks next year.
The bullish case
"We think this rally can continue for the next six to 12 months," says Katie Nixon, chief investment officer at Northern Trust Wealth Management. There's been a "fundamental improvement" in earnings and the economy.
Watch out for inflation
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.S. markets easily hitting 2,400.
