Message from Jon
The question that keeps coming up in meetings is, "What do you think the markets are going to do this year since it is an election year?"
Well, I know that there are 5 issues or topics that we are keeping a steady eye on.
- The impeachment process and if it carries The President out of office
- The FED and if they raise rates aggressively
- The Trade War and if it escalates
- Concerns over Iran
- Concerns over BREXIT
At present, my opinion is that the likelihood of these issues getting worse in the near future and causing a sell-off and decline in the market is pretty low, but we are still aware of the fact that in this day and age, things could spin radically out of hand quickly.
With earnings seemingly stronger-or at least what I think is going to be a strong earnings season, there are little known headwinds that would cause this market to act out of normal operations, in our opinion.
We are seeing our data and indications at present remaining in favor of equities and staying the course, and that is what we are going to do.
Till we speak again-enjoy the weather of gray, rainy and overcast!
Further Gains for Stocks
WEEKLY UPDATE - JANUARY 13, 2020
The Week on Wall Street
The market had a choppy five days, with traders reacting to geopolitical developments and weaker-than-expected jobs data. Even so, the three major U.S. equity indices posted weekly gains and continued their strong start to the new year. During Friday's trading session, the Dow Jones Industrial Average topped 29,000 for the first time.
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