Tags: dow | 30 | 000 | stock market | nancy tengler

Investment Expert Nancy Tengler: Dow to Hit 30,000 Within 5 Years

Investment Expert Nancy Tengler: Dow to Hit 30,000 Within 5 Years

(DreamsTime)

By    |   Thursday, 29 December 2016 08:52 AM

 

Forget all the guesswork of when the Dow Jones Industrial Average will hit the 20,000-point milestone and start planning for the next plateau, which will come relatively quickly thanks to President-elect Donald Trump’s pro-growth strategies, one invest expert predicts.

Investment expert Nancy Tengler told CNBC that the Dow could climb to 30,000 in the next four to five years.

"The formula for growth is before us and we have turned the corner from an earnings standpoint in the third quarter," the chief investment officer of Heartland Financial said.

"We are being given a tail wind that, I think, is going to very much help corporate America," Tengler said.

The Dow has been flirting with 20,000 but hasn't yet hit that milestone.

For the year, the Dow is up 2,408.65 points, or 13.8 percent, the AP reports.

Meanwhile, Tengler isn't alone in her forecast of a runaway bull market under Trump.

Veteran financial guru Larry Kudlow, who served as the Donald Trump campaign's senior economic adviser, predicted to Newsmax TV that the record-setting stock rally “may go on for years” because the market “likes what it sees” before the president-elect has even officially taken office.

Stocks could drop in a natural turn of events, but for the most part, get ready for more record-high stock-market finishes, he recently told Steve Malzberg on “America Talks Live.”

“The Trump rally may go on for years,” said Kudlow, a Newsmax Finance Insider, radio talk-show host and CNBC senior contributor.

“It's not going to go on uninterrupted, but the market is telling you it likes what it sees regarding new economic policies to help business and to help growth and help jobs,” said Kudlow — host of "The Larry Kudlow Show" and author of "JFK and the Reagan Revolution: A Secret History of American Prosperity," written with Brian Domitrovic and published by Portfolio.

Trump's expected agenda of economic stimulus and reduced taxes and regulations has particularly fueled financial and industrial shares. On Friday, sectors that have underperformed - healthcare, consumer staples, utilities and tech - led the way.

“There will be correction but on and off,  this thing could last years,” said Kudlow, said who worked as Reagan’s budget deputy between 1981 and 1985.

(Newsmax wire services contributed to this report).

Larry Kudlow is a senior contributor at CNBC. His new book is “JFK and the Reagan Revolution: A Secret History of American Prosperity,” written with Brian Domitrovic.

To find out more about Larry Kudlow and read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate web page at www.creators.com

© 2019 Newsmax Finance. All rights reserved.

   
1Like our page
2Share
StreetTalk
Forget all the guesswork of when the Dow Jones Industrial Average will hit the 20,000-point milestone and start planning for the next plateau, which will come relatively quickly thanks to President-elect Donald Trump's pro-growth strategies, one invest expert says.
dow, 30, 000, stock market, nancy tengler
427
2016-52-29
Thursday, 29 December 2016 08:52 AM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved