Stocks On Pace For Another Up Week Amid Record Economy  Stocks closed mixed on Tuesday, Christmas Eve, but the Nasdaq finished higher, and all of the major indexes are on pace for another up week.
What a year it's been so far; the Dow is up 22.7%, the S&P is up 28.5%, and the Nasdaq is up 34.9%. And there's still 4 trading days left.
Trade optimism, and a strong economy continue to push stocks higher.
Next year, likely in January, the USMCA and U.S.-China trade deal will become the law of the land with the benefits of these deals starting to show up in the economy shortly thereafter. Quite frankly, these historic trade deals with our top 3 trading partners are expected to usher in a wave of new prosperity.
Then we have the expected trade deal between the U.S. and the U.K. Once Britain exits the European Union (which is expected to happen by January 31st), Prime Minister Johnson and President Trump have both expressed their intention to put together a great trade deal of their own.
And that should help usher in even more growth.
But amazingly enough, our economy is on fire even without the aforementioned trade deals. In fact, our economy is the envy of the world with a strong GDP, 50-year low unemployment, rising consumer sentiment, and still historically low interest rates.
Just imagine what it will look like when those trade deals kick in.
These truly are historic times for the economy.
Some have even called this the greatest economy of our lifetime.
And it's easy to see why stocks have soared to record highs.
The best part is it looks like there's a lot more upside to go. 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.
See you tomorrow, 
Kevin Matras Executive Vice President, Zacks Investment Research |
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