We see the S&P 500 passing 3,000 next year – easily.
Money Morning Capital Wave Strategist Shah Gilani appeared on Fox Business Network’s “Varney & Co.” last week to share his bullish market prediction.
“I’m looking for almost a 14% gain,” he told Stuart Varney on Wednesday (Dec. 13). “The momentum for earnings growth has been spectacular; we’re up about 11% in the third quarter…. GDP growth is now trending above 3%. We have a lot of positives pushing the market forward, pushing the economy forward.”
Of course, he met with some opposition. Co-host Liz MacDonald argued that earnings can’t stay above GDP growth, which is at just 4% including inflation.
Watch the interview below to see Shah’s response and the two big tailwinds he sees pushing the S&P 500 up to 3,000 – and beyond – by this time next year.
Video What Shah Didn’t Say on TV
Since April 28, Shah Gilani’s Zenith Trading Circle recommendations have outperformed every investment on the market, with average gains of 44% per day (including partial plays).
In fact, one of his last trade recommendations closed out for a 995% win. And he’s got seven more trade recommendations lined up right now.
So if you’re not making gains like this… you could be cheating yourself out of tens of thousands of dollars.
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