Good news for investors: the market is headed higher. For the first time in history, we crossed 23,500! And it’s very possible that we’ll see this grow to 24,000 or more by year-end.
Not only are the next three months generally the best months of the year for the stock market, but we’re going to see a tax cut between now and then end of the year. This will drive corporate earnings and raise the market higher.
Overall, we’re in a really good spot. The US and global economies are doing better. We have consumer confidence at a high. Your home prices are the best you’ve seen in over 10 years. And interest rates are still at a historic low.
We will get another interest rate bump in December. And we are slated for 4 interest rate bumps in 2018. As these interest rates go up, financials are going to go up, too.
Here at Sloy, Dahl & holst, we’re overweighted in financials. We also continue to like technology –particularly Apple stock. In fact, because of Apple and similar stocks, our technology fund is up almost 50 percent since last year!
2018 is going to be a good year as well. We’ll see some pulling back in the next 12 months, but this is healthy for the market. In fact, we’re poised to see one of the greatest runs in market history.
Wishing you a very happy holidays from all of us here at Sloy, Dahl, & Holst! We’re looking forward to another very successful year.