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Market Outlook February 2018: Bullish 2018 Forecast on Track, January Trifecta In Play

Incoming economic and corporate data readings along with the positive reception to the new tax law on Wall Street and in boardrooms across the country have conspired to keep my more bullish 2018 forecast scenarios from last month on track. Positive readings from the first two legs of my January Indicator Trifecta lend further support to our positive outlook for 2018. However, many have latched onto the notion that due to the fact that the market is off to its ...

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January 2018 Market at a Glance

Seasonal:

Bullish. January is the third month of the Best Six/Eight, but it is the last of the Best Consecutive Three month span. January is the top month for NASDAQ (since 1971) averaging 2.5%, but it has slipped to sixth for DJIA and S&P 500 since 1950. Midterm January’s have a troublesome record with average losses for DJIA, S&P 500, NASDAQ, Russell ...

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Almanac Update January 2018: Results from Trio of Indicators Could Reshape 2018

January has quite a legendary reputation on Wall Street as an influx of cash from yearend bonuses and annual allocations typically propels stocks higher. January ranks #1 for NASDAQ (since 1971), but sixth on the S&P 500 and DJIA since 1950. It is the end of the best three-month span and possesses a full docket of indicators and seasonalities.

In midterm years, January ranks near the bottom since 1950. Large-caps have been the worst with S&P 500 and Russell 1000 ranking ...

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2018 Forecast: Healthy Economy, Strong Market & New Tax Law Bullish – DJIA 29,000 in the Cards

We’ve been digging and searching for indications that this market is running out of steam and we are headed for some sort of major correction, sizeable pullback or a bear market next year, but we have been hard-pressed to find any such data. Sure valuations and sentiment are rather high, but we all know that situation can go on for longer than most bearish investors can stay short or on the sidelines. A growing economy with increasing corporate earnings can ...

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