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What is the #1 Trading Strategy for Today's Market?
+3.5% GDP estimate + lower bond rates = strong rally on Monday
That was the simple equation for the market on Monday and why we are moving back towards 2200. The impetus for the higher GDP estimate came from the Personal Income & Outlays report showing that the consumer is in pretty good shape.
Further, investors had the full weekend to digest the Fed comments from Friday. The current take away is a lower chance of rate increase in September with December being the more likely time for that to happen. As such, bond rates went lower as did the dollar.
The economic calendar has a few hurdles ahead in ISM Manufacturing, ISM Services and August Employment announcements. I expect us to clear those hurdles and thus stocks clear 2200 in the process.
Now that you have on the proper bullish thinking cap, try this new article on for size:
Zacks is now revealing some of its most exciting stocks. Priced under $10 per share, these high-quality companies have outstanding prospects for long-term gains of 2X, 3X, and even more.
Strong earnings growth plus other Zacks' indicators tell us which stocks are ready for lift off and are capable of sustained growth for months to come. Get in before they break out, then ride the profits high and long.
Analysts are privy to vital information and are crucial to investment decisions. It's a good strategy to bet on stocks that have seen increased analyst coverage over the last few weeks. Read More »
Amazon (AMZN) launched Vehicles and was the subject of rumors about music streaming plans and retail stores and Alphabet's (GOOGL) Google Fiber was ordered to cut costs. Read More »
Use the Zacks Mutual Fund Rank, a quantitative ratings system designed to help you find the best funds to beat the market. See which ones to buy, which to sell and track your favorite mutual fund family.
+3.5% GDP estimate + lower bond rates = strong rally on Monday 
