Stock market analysts have long found it difficult to predict what the stock market will do next year.
But a new survey from financial technology firm Mintel indicates the market could still be a long way from its midpoint of about 9 percent.
Mintel’s survey of 2,500 financial professionals across the United States found that while there is a general consensus among financial professionals that the stockmarket will remain relatively low in coming years, a majority believe the market is likely to hit some sort of milestone sometime between 2021 and 2023.
In other words, there is some uncertainty about what the market will look like in the next few years.
Here are three reasons why Mintel thinks stock markets could hit some kind of milestone this year.
More companies are starting to emerge in the sector.
The number of companies in the financial services sector has steadily increased in the past few years, which has led to a growing number of financial services companies being formed, Mintel found.
For example, the number of publicly traded financial companies rose from 4.6 million in 2015 to 7.4 million in 2017.
It also jumped from 4,400 to 9,000 in the last two years.
The number of publicly traded companies in financial services rose by 5.5 percent from 2015 to 2017, while the number in the U.S. stock market rose by 12.5% from 2014 to 2017.
These numbers suggest that the financial sector is likely going to grow more rapidly than the U