A Historic Week
December 13, 2016, 2:36 pm
Even when the market was going nowhere in the fall, I expected stocks to have a strong finish to the year after we got through the election. I must say that they’ve exceeded even my bullish expectations, and the Dow Jones Industrial Average is now less than 1% away from crossing 20,000.
I’ve been thinking about the Dow and its historic benchmark recently and wanted to share my thoughts with you in a video talking about both the countdown to Dow 20,000 and even more importantly where we go from here. I think you’re going to like what I have to say and invite you to click on the video below to watch it.
The financial crisis was a defining moment for the Fed, the markets and for many investors. We are now on the threshold of a path back to more normal rates, which is also significant. I have some thoughts for you on this as well, which I’ve included in a second video. We’ll look at the key lesson for investors from the last eight years, the impact of Fed policy on the market and what to expect going forward.