Jefferies prime brokerage do Americans cling to their European heritage? Join over 300,000 Finance professionals who already subscribe to the FT. Not sure which package to choose?
For 4 weeks receive full access to the FT’s trusted, award-winning news and analysis. By subscribing with Google you will be billed at a price in your local currency. Markets data delayed by at least 15 minutes. Financial Times’ are trademarks of The Financial Times Ltd. The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice. Menu IconA vertical stack of three evenly spaced horizontal lines. 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. P 500 index was 2,178, according to Bloomberg. Comment: “2017 may be the least certain in years, with higher-than-usual risks and a binary set of outcomes that have dramatically contrasting results: euphoria or fizzle, significantly higher or lower than the base case,” said Savita Subramanian.
As the likelihood of pro-growth policies waxes and wanes in the coming months, we see potential for big market swings. 2017 could be a binary year when the market falls to 1,600 in the bear case and rises to 2,700 in the bull case, Subramanian said. NIRP towards fiscal stimulus, and inflation expectations are set to continue rising,” said Andrew Garthwaite. However, we see a down market in H2 2017, hence our year-end 2017 target of 2,300. China refocusing on reform rather than pro-growth policies. We continue to prefer equities to both bonds and gold.