The fundamental case for Dow 30,000 during Donald Trump’s first term has strengthened as earnings season winds down. Interestingly, this is happening at a time when, from a technical perspective, the stock market has staged a successful breakout of low volatility since the election. The biggest single factor in the long-term direction of stocks is earnings growth. Tax cuts could add about $13 to S&P 500 earnings. Deregulation could add another $7. If gross domestic product growth were to accelerate to 4%, S&P 500 earnings could reach as high as $190 by the end of Trump’s first term.
http://www.marketwatch.com/story/heres-the-case-for-dow-30000-in-trumps-first-term-2017-02-17
