Rejoice bulls, the stock market may stay hot in 2018. 

Or so says investment bank JPMorgan Chase & Co. (JPM) , which predicted this week the S&P 500 will hit 3,000 by the end of 2018. That would mark a move of almost 15% from the S&P 500's current value of 2,652. 

Here are several of the factors JPMorgan sees as drivers:  

  • Expansionary phase of business cycle.
  • Synchonized global earnings momentum.
  • Support from U.S. tax reform.

The bank believes large-cap tech, which has led in 2017, will be a laggard in 2018 due to stretched valuations. Be worried, Facebook (FB) investors. On the other hand, financial stocks are expected to lead on expectations for a pullback in regulations and rising interest rates from the Federal Reserve.

The bullishness in the market ahead of 2018 could easily be felt. 

The average one-month volatility in the S&P 500 this year has been lower than in any other year since 1970, according to S&P Global. Investors also have seemed pretty relaxed about the prospect for negative news walloping winning positions. S&P Global noted that 47 of the lowest 56 closing VIX levels since 1990 have been observed in 2017, as well as two new all-time-low closing levels.

Facebook is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells these stocks? Learn more now.

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