Deutsche Bank: Trump Could Push the U.S. Economy and Stock Markets to New Records
The real economy and financial markets will benefit from the new administration.
Luke Kawa
November 21, 2016 — 9:43 AM EST
Verrone: Average Stocks are Doing Better Than Markets
It's looking more likely that President-elect Donald Trump will preside over a continuing U.S. expansion that could take its place as the longest among American business cycles, according to Deutsche Bank AG. And Chief U.S. Equity Strategist David Bianco predicts that by the time the real estate mogul takes office in January, the S&P 500 Index will eclipse 2,250.
Investors are under-appreciating the "much higher chance now of a long lasting economic expansion that rivals the 10 year U.S. record," the strategist writes "We're more confident now that the S&P will reach 2,500 in 2018 before suffering its next bear market."
https://www.bloomberg.com/news/articles/2016-11-21/deutsche-bank-trump-could-push-the-u-s-economy-and-stock-markets-to-new-records
