Let’s dive in to what’s been happening on the market since our November 2017 recap.
Recent Stock Market News
The biggest news of this last month was that the stock market hit 24,000. In fact, currently the Dow is inching closer to 25,000! We expect the market to hit that mark soon and, over the net 24 months, we expect to see the Dow reach 30,000.
We also saw a tax cut this month. This is great for US corporations. It means we have a more level playing field overseas.
Our Stock Market Predictions for 2018
There are a few important things we’re predicting for the 2018 year.
- Some corrections (this is normal and healthy)
- Rotation out of technology with that money going to finances
- Interest rate increases will continue
- Emerging markets will continue to do well
Thanks for a Great Year!
The entire team at Sloy, Dahl & Holst wishes you a wonderful holiday season. It’s been a wonderful year with so much to be thankful for. We’re looking forward to another great year.
– Ron Sloy