How long the bull run lasts will depend also on the Federal Reserve. REUTERS/Brendan McDermid
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A more than eight-year bull market on Wall Street will simmer for the rest of 2017 before picking up again next year, said strategists in a Reuters poll who were optimistic about corporate profits but concerned about slow tax reform progress. The benchmark S&P 500 is likely to finish this year at 2,525, about 13 percent above 2016's end, but 0.4 percent down from Tuesday's close of 2,534.58, based on the median forecast of 47 strategists polled by Reuters.That's what's given us the good year-to-date [gains] and could continue to cause those of us who think stocks are OK but not great to be too cautious," said Robert Doll, chief equity strategist at Nuveen Asset Management in Princeton, New Jersey. He has a 2,550 year-end target for the S&P 500 .
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