The longest bull market in U.S. stock history should slow down to close near current levels this year as global trade disputes persist and corporate earnings growth weakens, and both factors will limit U.S. stock gains in 2019, according to a Reuters poll.
Reuters'median estimate of 55 analysts over the past two weeks shows the S&P 500 index. SPX will close at $2,909 by the end of the year, slightly below Wednesday's intraday record of $2,916.50, although it is still up about 9% this year.
By the end of 2019, the S & P 500 index will reach 3100 points, up about 6.6% from the estimate level at the end of 2018.
"Although there is little resistance on this road and it feels certain that it will rise to a higher level in the short term, we wouldn't be surprised if the S&P 500 closes near the current level by the end of this year," said Leo Grohowski, director of investment at BNY Mellon Wealth Management in New York.
The S & P 500 index has exceeded Grohowski's expectation of year-end standards, and he expects 2019 to rise moderately.
"We believe that the mid-term elections and the Fed may raise interest rates in December or drive some profit margins. Nevertheless, we are still matching US stocks based on a positive assessment of the next 12-18 months, "he said.
According to Thomson Reuters data, the S & P 500 index company profits grew by 10% in 2019. By contrast, profits are estimated to grow by 23.3% in 2018, 24.9% in the second quarter and 26.6% in the first three months of this year.

<>The longest bull market in US stocks history

 

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