Investors in 2018 are finally getting what they have been anticipating for so many years. U.S. economic growth is apparently poised to finally accelerate in a meaningful way, and corporate profits are projected to boom over the coming year. Yet despite this supposed bounty of awesomeness, the U.S. stock market has been largely unenthused thus far year to date. Not only is volatility notably elevated but the S&P 500 Index is trading effectively flat for 2018 with four months now in the books. What explains this underwhelming response to overwhelming news? Simple. Expect the unexpected when trying to predict the performance of this stock market for the rest of 2018 and beyond.
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