This Could Be the Secret to Finally Pushing the Dow Over 20,000
Corporate America will likely play a pivotal role.
Fourth-quarter earnings may just be enough to push the Dow Jones Industrial Average over 20,000. Josh Mahony, a market analyst with IG Markets, based in London, expects companies to issue optimistic 2017 outlooks, especially within the energy and financial sectors. Within the energy sector, companies are benefiting from higher oil prices. As for financials, the banks are anticipating deregulation under a Trump administration and a faster pace of interest rate hikes from the Federal Reserve.
