JPMorgan’s Soothsaying “Gandalf” Says Look To “independent media outlets” As Traditional Data Fails

Stock market investment risks in 2017 will be greater than that in 2016, but overall stocks should edge higher, a JPMorgan report predicts. Greater uncertainty will reign but market volatility will pretty much trade in a range for the majority of the year, stated the report, titled “2017 Outlook — More Upside but Greater Uncertainty.”

While Trump brings “uncertainty,” he is “mostly pro-growth” and could add to $20 EPS over coming years

The report expressed concern for geopolitical risks and increasing uncertainty regarding the incoming US Presidential administration. Categorizing the Trump administration “mostly pro-growth,” the administration is expected to add up to $20 to S&P 500 earnings per share over multiple years...