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After spending much of 2016 in negative territory, the Leading Indicators Index rose to its highest level since 2015.This is yet another bullish announcement to add to so many other recently positive reports on manufacturing to service to jobs to retail sales.
For these reasons and more stocks made new highs on Friday. And likely ready to make new highs again this month. In fact, I would be surprised to not see 2400 in hand before we cross over into March.
I believe that tech, retail and consumer discretionary stocks offer the most upside from this point forward. Rising interest rate plays like financials and shorting the bond market should also outperform.
If you want to learn how to beat the market going forward, then consider tapping into the free resources in the Zacks Education center.
Best,
Steve Reitmeister
Executive Vice President, Zacks Investment Research
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After spending much of 2016 in negative territory, the Leading Indicators Index rose to its highest level since 2015.This is yet another bullish announcement to add to so many other recently positive reports on manufacturing to service to jobs to retail sales. 
