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Stocks Take A Breather, But Are Poised For More Gains

The markets ended mixed yesterday after surging higher on Friday. But the tech heavy Nasdaq and the Small-Cap Russell 2000 both finished in the green.

Last week's blow out jobs report sent the market soaring. So it was no surprise to see the market take a breather, especially with no new economic news out yesterday.

But we are only just a couple of percentage points away from erasing the recent correction and making new all-time highs.

I cannot underscore enough the strength in the economy, and how bullish the market looks.

As I've said before, these are historic times. So be sure you're taking full advantage of it.

I expect we'll be making new highs later this month. And if the Fed raises rates 25 basis points at their next meeting on March 21st, that could be just the catalyst the market needs to stage another upside breakout and embark on a whole new leg up.

See you tomorrow,

Kevin Matras

Executive Vice President, Zacks Investment Research


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