Will 2018 Be a Repeat of 2017?
Bob Pisani of CNBC reports, Could 2018 surprise with the same outsized gains as 2017? : Will 2018 be a more "normal" year? 2017 was a year of surprises, but for 2018, not surprisingly, things are expected to be more, well, normal. Which is why you should be suspicious. It's true — by almost all measures, 2017 was one of the most extraordinary years in the history of the stock market. Investors saw : Extraordinary returns far above the norm . The S&P 500 is up nearly 20 percent this year, far above the roughly 8 percent average yearly gains since 1945. Extraordinary new highs . We hit 62 daily all-time highs this year, far above the average of 29 that have occurred in years when at least one new high was reached, according to CFRA. Extraordinarily low volatility . The S&P moved 1 percent or more on only eight trading days this year; the average since 1945 was 50 days. Extraordinary sector dispersion . The top-performing sector — technology, up 38 perc