With only a few days left to 2016, ‘tis the season of the year-ahead outlook. It’s a tradition freighted with baggage, but there’s something about a calendrical denouement that inspires crystal-ball gazing. In short, everyone has a view about what’s in store for 2017. Some of the predictions could be right, although the historical record suggests that most will be wrong. The bigger challenge is figuring out, in advance, where accuracy lies… or doesn’t. With that caveat out of the way, let’s throw one more forecast into the mix by way of Mr. Market’s implied estimate for near-term price trends via momentum.
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