Critical Question for Stocks Is How Much Trump Bump Baked In
- Stocks having worst day since September amid Comey controversy
- Strategists sticking to bullish calls depsite political mess
Stocks Fall the Most Since March Amid Trump Turmoil
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The U.S. stock market’s almost unblemished record of not caring about anything is getting its stiffest test yet, and whether the streak is preserved will say a lot about what’s been driving it.
Even as prices buckled and almost $300 billion was erased from U.S. shares Wednesday, professional forecasters remain remarkably steadfast in their bullish outlook for equities. Estimates from Wall Street firms envision an 8.5 percent advance for the S&P 500 Index in 2017, almost 2 percentage points more than their counterparts in Europe.