Stock prices have rallied more than $5 billion in 2017, but that’s still a relatively low number for a benchmark index.
The Dow Jones Industrial Average (DJIA) hit a record high of 22,874.85 on Monday, according to data from FactSet, the website that tracks the performance of the Dow Jones industrial average.
It is currently the most-traded stock in the world, according a Bloomberg News analysis.
But the average stock in 2017 has already traded at a discount to its record high.
“The market is trading lower in 2017 compared to what it was in 2017,” said Jason Calacanis, an investment strategist with the investment firm BMO Capital Markets.
So far, the benchmark has fallen 5.2% over the past two months.
But that could soon change.
Stock markets are now trading at an average discount to their record highs of about 7%.
The average discount has been below 5% for months.
Calacanis said the average discount in 2017 is now closer to 8%.
“It’s going to be a tough year for stocks,” he said.
Investors are likely to be worried about the impact of a Trump presidency.
The President-elect has vowed to dismantle several Obama-era regulations and push a pro-business agenda, including tax cuts and a repeal of the Affordable Care Act.
Despite his policies, the market has responded positively to Trump, who has enjoyed record highs for stock prices.
The S&P 500 has gained nearly 400 points this year, its best gain since January.
The Dow has gained more than 1,000 points.
The Nasdaq has gained almost 9,000.
The Russell 2000 index has gained 6,500.
Shares in the tech giant Google, which lost $2 billion in the election, are up more than 70% over a two-week period.