Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 5, 2016. REUTERS/Brendan McDermid
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The U.S. stock market's bull run since 2009 will extend into 2017 if President-elect Donald Trump's plans to stimulate the economy with infrastructure spending and financial deregulation come to pass, according to strategists in a Reuters poll. But limiting the enthusiasm are threats by Trump to consider imposing new import tariffs and the prospect of a potentially stronger dollar, with the S&P 500's end-2017 forecast up about 6 percent from current levels.The S&P 500 is up 8 percent year-to-date, having gained over 2 percent in the weeks since the election.Analysts expect S&P 500 companies' profit growth of 12.4 percent for 2017 compared with a forecast gain of just 0.9 percent in 2016, Thomson Reuters data shows.Profits need to pick up to prevent stocks from getting too expensive though, strategists said, with the S&P 500 now trading about 17 times forward earnings, compared with a long-term average of about 15, according to Thomson Reuters data.
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