Submitted by Lance Roberts via RealInvestmentAdvice.com,
Over this past weekend, Barron’s Magazine published its big story the “2017 Market Outlook.” Here is what was interesting, after 8-years of a bull market advance not one of the forecasters had a “bearish” outlook. In fact, as the article concludes:
They're giving it all they've got!! Bob Pisani said that Dow 20,000 was "inevitable.. we'll do it at tomorrow's open"...
For evidence that the market bears are all but extinct look no further than the latest letter from erstwhile bear Bob Janjuah, in which the Nomura strategist throws in the towel in a near-term correction and predicts that "the trends over H1 2017 should be higher (especially US) equities and yields, steeper curves, a stronger USD, and mixed performance in credit (especially in the IG sphere) and EM.
Submitted by Kevin Muir via TheMacroTourist.com,
Last year at this time markets were grappling with the Fed’s first rate hike in almost a decade. Although many optimists were confident the economy was plenty strong enough to handle the increase in rates, within days it was obvious they were sorely mistaken.
Fast forward to today. With the election of Trump, there is even more optimism filling the air.
Don’t get me wrong, I understand all the reasons to be bullish.
Submitted by Lance Roberts via RealInvestmentAdvice.com,
The post-election euphoria has been quite amazing as the markets have surged more than 8% since then. Of course, the election of Donald Trump was supposed to be a disaster, but that rhetoric quickly changed, at least for now.