Here's Exactly Why the S&P 500 Will Pass 3,000 in 2018

We see the S&P 500 passing 3,000 next year - easily.

Money Morning Capital Wave Strategist Shah Gilani appeared on Fox Business Network's "Varney & Co." last week to share his bullish market prediction.

"I'm looking for almost a 14% gain," he told Stuart Varney on Wednesday (Dec. 13). "The momentum for earnings growth has been spectacular; we're up about 11% in the third quarter.... GDP growth is now trending above 3%. We have a lot of positives pushing the market forward, pushing the economy forward."

Of course, he met with some opposition. Co-host Liz MacDonald argued that earnings can't stay above GDP growth, which is at just 4% including inflation.

Watch the interview below to see Shah's response and the two big tailwinds he sees pushing the S&P 500 up to 3,000 - and beyond - by this time next year.

What Shah Didn't Say on TV

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