ALL-TIME HIGHS! And this with higher interest rates coming and an ongoing battle to make “free-trade” fairer for the US around the world. It’s noteworthy that the Nasdaq did NOT hit another all-time high…yet. As we posted back in June & August of 2017 (see below), it’s T.I.N.A’s fault that the stock market has gone up this far. TINA means There Is No Alternative, to stocks that is, for most money managers to invest in to derive a decent return currently. It appears to us that “Mr. Market” is already looking past the mid-term elections and the Christmas shopping season and is focusing on a brighter future in 2019.
Our Current Market Outlook light remains “green” and our daily work on the markets internal technical indicators continues to reveal a positive environment for corporate earnings which supports the uptrend in stocks. Third quarter earnings releases, which begin rolling out in mid-October, will have a significant impact on the direction of the stock market through the end of 2018. For now, that direction is up.
Have a Triumphant day! ®
The information in this article is based on data obtained from recognized services and sources and is believed to be reliable. Any opinions, projections or recommendations in this report are subject to change without notice and are not intended as individual investment advice. Not to be used as legal or tax advice.
©2018 Triumphant Portfolio Management, LLC.
Where Are Woodward and Bernstein When We Need Them? This article was written by Newt