By  on December 5, 2017

The nine-year bull market for U.S. stocks still has room for growth in 2018, but the outlook isn’t so great for consumer discretionary stocks such as retailers and apparel and beauty brands.

According to Savita Subramanian, head of U.S. Equity and Quantitative Strategy at Bank of America Merrill Lynch Global Research, the S&P target of 2,800 by the end of 2018 will be “7 percent higher than today.”

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