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with the fresh calendar of course comes renewal and resolutions. while we can t hp you fulfill your promises to work out more and lose that five or ten pounds, we can help you get your finances in shape by shedding light on what may happen in the coming months. and we begin, as we often do, with the markets. stocks are coming off a powerful year-end rally. but there are questions now about how much gas is left in the market s tank. bob pisani takes a look at what may shape equities in the year ahead. reporter: stock rally, oil rally. everyone s bullish right now. but that s going to get tougher in 2017. here s three predictions. first, the stock rally will continue but will hit major headwinds. the s&p 500 will hit a series of historic highs again within donald trump s first 100 days but that will be it. the problem? market participants are anticipating higher revenues and earnings due to tax cuts and fiscal stimulus but reality won t match those high expectations. se ....
with the fresh calendar of course comes renewal and resolutions. while we can t help you fulfill your promises to work out more and lose that five or ten pounds, we can help you get your finances in shape by shedding light on what may happen in the coming months. and we begin, as we often do, with the markets. stocks are coming off a powerful year-end rally. but there are questions now about how much gas is left in the market s tank. bob pisani takes a look at what may shape equities in the year ahead. reporter: stock rally, oil rally. everyone s bullish right now. but that s going to get tougher in 2017. here s three predictions. first, the stock rally will continue but will hit major headwinds. the s&p 500 will hit a series of historic highs again within donald trump s first 100 days but that will be it. the problem? market participants are anticipating higher revenues and earnings due to tax cuts and fiscal stimulus but reality won t match those high expectations. ....
dow, we re watching the president who is expected to hop on air force one at any minute now. he will be leaving orlando where he spent the last few hours at catholic school speaking to parents and tehe. on social media, focusg on something entirely different altogether. the president engaged in all-out twitter war with the most powerful democrat in the nation. senator chuck schumer who is trading jabs with the president about his ties and his administration s connections with russia. lieutenant colonel ralph peters has a warning about this, that this russian roulette could undermine the nation s security. he s with us live. and open the door this minute. senator rand paul accusing his fellow congressman of hiding the replacement for obamacare behind that closed door. at the capitol. what s in it? what was behind the door in the nation s governors actually might be the ones who know. they made a demand and the white house is apparently listening. we ll try and pull it ....
what has fueled this thing? we have a bunch of cattles. let s start with the obvious, the darn thing won t go down. we had a ton of federal reserve officials talking about the need to raise rates. be the market took it like a champ. the s&p finishing up for the week. that was a signal. signal that a rate hike can be handled without too much pain. the house of pain. another possi of fed guns. came back this week, and spoke incessantly about rate hikes. now we re rallying, and rallying hard. this market refused to go down on bad news. something broader than fanning rallies or the mini-bull markets i talked about every night. oil s not finished going higher. i can t stress enough how important this is. we heard that oil was moving up because of a short squeeze that came out of the canadian wildfires. production has been cut dramatically. guess what? the oil s back on line, and it didn t matter the price of crude is roaring back. this market has a hard time going down ....
tyler, we begin with the sell-off on the street. a triple digit drop for the dow with the major averages down more than 1%. this is actually we haven t seen since late september for the dow and the s&p. we ve been sort of a little bit complacent recently after all the volatility of late august and september. the nasdaq is down by just over 1% along with the dow and the s&p. let s get more with bob pisani at the nyse because you have fears, bob, about retailers reporting this week as well as, of course, the rate sensitive stocks in the firing line as well, right? that s right. a number of different issues here. six stocks declining for every one advancing. look what s popped up again, the vix. we haven t seen this move double digits since the end of september. it s 16 and change. i don t get concerned until it s over 20, but this is a move we haven t seen in the last five or six weeks. why the drop? mandy is right, a couple reasons here. there is continuing concerns ....