Bull Market Run to Continue
Stocks have a done a good job over the past few weeks of shrugging off the events in Syria, the uncertainty at the Fed and the less than stellar economic news. It doesn’t “feel” like the two month consolidation is over and Dow 16,000 is right around the corner, but we will let the market tell us. I do continue to believe that more all time highs are ahead in the fourth quarter and into 2014.
Here is my most recent segment on Fox Business where I discuss a forecast and my favorite sectors.
While stocks are bouncing back nicely from the August lows, the bond market simply cannot get off the mat. Given the underwhelming economic news which should have led to a rally, the bond market is fixated on the Fed meeting next week. With the extreme level of negative sentiment, my first reaction to any announcement of tapering by the Fed will be to buy bonds. More on this later…