Don’t write off the bull market in stocks just yet.
Yes, there’s a flurry of threats that could bring about the bull’s demise in 2016 — U.S. stocks aren’t cheap, China’s economy continues to stumble and the Federal Reserve is removing the easy-money punchbowl that kept the good times rolling on Wall Street.
But market professionals surveyed by CNNMoney believe that the U.S. stock market will claw its way past these obstacles and reach new heights next year. On average, survey respondents estimate the S&P 500 will end 2016 at 2,194 — up 9% from Friday’s close.
