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2017 was forecast by some to be a tough year for equities, but the S&P 500 has hit around 70 record highs this year. So has the pull back been pushed into 2018?
The seventh year of each decade, according to Ron William, founder and principal market strategist of RW Advisory, is on average a bad year, and seasonally the fourth quarter tends to be the worst. Neither of these expectations came to pass, and the market overcoming this pessimism is itself a bull signal.