JPM: The S&P 500 targets 3,000 in 2018

Tax reforms will continue to support the growth of US markets. This is the opinion of financial experts from the US financial institution JPM.
The US bank analyst team expects the US indices to perform well. For this, Trump's tax reform may help, which, is extremely close to acceptance.
Stable growth, weak monetary policy, low interest rates and taxes will be among the factors that will lead to a rise in US indices next year. The goal of the broad US S&P 500 is expected to reach the psychological limit of 3,000 points in the next year.
Of course, there are analysts who are not as positive about the future of the indices. According to some, next year, though good for investors in general, may be related to risks.

Gross: US markets have not been so risky since 2008

Risks to US markets are the highest since the financial crisis in 2008, according to the former "King of Bonds" - Bill Gross. Gross is currently managing the bond fund Janus Henderson Global Unconstrained Bond Fund, which has assets of $2 billion.
"Instead of buying low and selling high, you are buying high and squeezing your thumbs," Gross said before Bloomberg Financial News yesterday.
Politics of ultra-low interest on the part of central banks around the world artificially raise the cost of financial assets, the genial investor thinks.
The US economy is expected to grow 2.2% this year and 2.3% next year. Trump's administration promised to boost the economy's growth to 3%.
Despite high asset prices, however, Gross feels forced to invest in the market in some closed-end funds. As an example, he provides the Duff & Phelps Global Utility Income and Nuveen Preferred Income Opportunities.
Gross commented that he holds about 2 to 3% of his assets in index funds for profitability and diversification.
The Gross Fund has earned investors 3.1% for the year to 6 June, exceeding 22% of its competitors. The Fund's total return is 5.4% since Gross took over its management in October of 2014.
The big liquidity in the system is the factor that determines the strong appreciation of the fund assets, Gross said. In a world of negative interest, investors desperately need some return that seeks risky investments.
Low volatility requires low risks, says Gross.

J. Gundlach: Replace US with Emerging Markets

After the strong rise in US indices since November, taking them to new record highs, legendary investor Jeffrey Gundlach, head of the DoubleLine Capital Fund, has a tip to investors. And he is - to replace their US investments with those of the emerging markets.
Referring to US stocks, which, according to Gundlach, account for about 50 percent of world stock exchange capitalization, compared to a share of only 24 percent of global GDP, Gundlach believes US state ratings are "staggered".
For this reason, the expert offers investors to shorten the SPY index fund based on the broad  S&P 500 index and to extend the EEM, an emerging market indexed fund.
Ghundlach is not the only one with such recommendations. A survey of Bank of America Merrill Lynch in April shows that investors are leaving US markets at the fastest pace in a few decades. They prefer the markets in the eurozone and the Asian countries.
In addition, more than 44% of institutional investors like the emerging markets, which is the highest percentage in five years.
Also 83% of respondents, from the US bank, find the US market to be overvalued.
A series of factors contributed to these expectations, including the double-digit growth of US indices since the US presidential election in November.