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Why did stocks go up again Wednesday with this backdrop?
• European Recession continues
• China growth forecasts being trimmed a notch
• Empire State Mfg -1.43 vs. +3.75 estimate
• Industrial Production -0.5% vs. -0.2% expectation and +0.3% previous reading.
Why? Because soft data is good enough to keep QE flowing. But not so bad as to concern investors that a recession is coming. That has been the recipe for success of late. And we will likely make it to 1700 before any possible consolidation unfolds.
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Why so popular so fast? The performance of the 2013 recommendations should give you a clue.
• 31 winners picked in 2013 for 74% win percentage
• 16 double digit winners
• +51.8% annualized gains.
Amazingly Zacks Confidential is also our least expensive service. What are you waiting for?
Today, Zacks members are invited to download a revealing Kevin Matras Special Report for FREE. Our Zacks research expert strips away the mystery from three powerful, often misunderstood strategies that have been steady, conservative money makers in up-and-down markets like we're seeing now.
You probably never even heard of two of them. Don't miss Kevin's step-by-step explanation of how he personally made +98.7% in less than five months.
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