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Here Is The Most Important Chart For The Market This Year

January 02
14:50 2018

In a year when equities across the world have rallied in synchrony, Ryan Detrick of LPL Financial has identified what could be the most important chart for the market in 2018, as it could signal that the global rally is far from done.

With the S&P 500 up 20 percent — its best year since 2013 — emerging markets up 35 percent, and Europe’s STOXX 600 index up 8 percent, many market watchers have applauded 2017 as the year of global growth.

A big driver of the global markets rally has been earnings. Detrick, who is a senior market strategist, says that based on one chart, the global earnings outlook is still positive for next year.

“We’ve seen a resurgence of global earnings in 2017 with the S&P 500, emerging markets and developed markets all positive … [that’s the first time it’s happened] since 2010,” he said Thursday on CNBC’s “Trading Nation.”

“Fortunately we’re looking at all three of them being positive again next year,” added Detrick.

Continue Reading at CNBC

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