2019年12月31日星期二

One More Trading Day To Go, But Stocks Have Already Earned Their Place In The Record Books

Plus New Zacks Strong Buys for Tuesday, December 31
Kevin Matras   
Profit from the Pros
By Kevin Matras
Executive Vice President
Zacks Investment Research
  

One More Trading Day To Go, But Stocks Have Already Earned Their Place In The Record Books

Stocks ended lower yesterday. But they have been on fire this year.

And while there's still one more trading day to go, this year's performance has already earned its place in the record books with the Dow up 22.5%, the S&P up 28.5%, and the Nasdaq up 34.8%.

And it's easy to see why. Our economy is the envy of the world. Our GDP is pacing at an annual rate that's higher than the average annual GDP since this bull market began. Unemployment is at a 50-year low. Household income is at a 20-year high. Inflation is low. And so are interest rates.

Then add in 2 record trade agreements (USMCA and the U.S.-China trade deal), with our 3 largest trading partners, and a wave of new prosperity is set to be ushered in for 2020, sending stocks to even higher highs.

As I've been saying all year long, these truly are historic times for the economy and the market.

And I'm expecting another 25-30% again next year.

Historic times create historic opportunities. So make sure you're taking full advantage of it.

2019 has been a spectacular year. But 2020 is poised to be even better.

Happy New Year!

Kevin Matras

Executive Vice President, Zacks Investment Research

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