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Caught my eye was the 3600 number that is where we are going according to Goldman Sachs chief u. S. Equity strategist david he wrote that the fall and the equity risk premium will be partially upset by a rise in bond yields, but the combination will ultimately boost the s p index by 3600 at by yearend and 3800 in 12 months time. It represented significant increase driven by valuation. Joining me now, Chris Watling longview, chief Market Strategist and ceo. A pretty bold call, chris. What do you think . Chris it is doable. It is not implausible. I think it depends on how much policy keeps on generating stimulus how much the policymakers keep on giving, if you like. We have seen congress go into recess. We have half had the package, half not, with the executive orders. Clearly the fed is giving and will continue to give. ....
Weakeningh pound substantially this year. The dax up 30 points. Up more than 1 10 of 1 , despite all of the banking problems we still have to resolve in europe. Highlighting the euro in todays trading as well. Ins have a look at the year the ftse 100. A gain of 14. 4 . That is in local currency terms. Not so hot when it comes to the dollar or the euro. The dax up 7 in euros. The cac 40 up 4. 5 . Quite a nice year in terms of european trading. There is the euro. 1. 0547. Again today up half a percent. About 30 minutes into the final trading day of the u. S. Year. Abigail doolittle has been here all year and is here with the latest. Abigail looking at the kleins for the major averages on this last day of the 2016 year for stock. Nasdaq tradingnd lower. For the dow, s p, and nasdaq, this is the first threeday decline since the election, if losses continue. The nasdaq on performing underperforming the most. The russell 2000 also down about 4 10 of 1 . The dow on pace for a weekly , its fir ....