S&P 500 Already Eclipses Average Target for 2017

The video discusses the early-year market predictions by veteran strategists, highlighting their skepticism and the unexpected market momentum. It explores the impact of the Trump trade, with a focus on earnings growth and the potential effects of tax cuts and regulatory changes. The strategists' reluctance to adjust their year-end targets is noted, despite significant market gains.

What are the year-end targets mentioned by David Kostin and Savita Subramanian?

How do the current market estimates compare to typical expectations?

What factors contribute to the skepticism among strategists regarding market momentum?

What is the significance of the relative strength index mentioned in the text?

What are the implications of the so-called Trump trade on market behavior?