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Given the profit growth, the chance of rising share prices are high

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• Over the past few weeks, the listed companies have come out with their profit figures. In America there was a resounding success in terms of the profit season. For example, average earnings growth increased by almost 14%. And this profit growth predicts that the Bull Market will stay alive.

• Thanks to the tax incentives of Donald Trump, the vast majority of companies within the S & P 500 index realized a good profit growth. In addition, companies still benefit from the healthy economic climate in which consumer spending is on the rise.

This Bull Market can reach the age of 10 years

 

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• According to Ryan Detrick, strategist at LPL Research, current earnings growth predicts further rising stock prices. His research shows that the S & P 500 index in all cases managed to close higher in the year in which profit growth increased by more than 10%. In that case, this Bull Market would thus reach the age of 10 years. The average profit for the S & P 500 index in such a year is more than 16%.

• Of course, the past offers no guarantee for the future, but this research makes it clear that the bulls are at an advantage.