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Profit from the Pros

Stocks Up Again, S&P And Nasdaq Make New Highs For The Year!

Another solid day for the market with all of the indexes up again, and the S&P and Nasdaq putting in new highs for the year!

A strong economy, fantastic jobs market, an accommodative Fed, and optimism for a U.S.-China trade deal continues to power stocks higher.

It was also great to hear Goldman Sachs CEO, David Solomon, say that the "chance for a recession in 2019 is very low."

Of course, we already knew that. We've been saying that all last year. And this year too. But it's still great to hear others echo the same sentiment.

In other news, MBA Mortgage Applications rose sharply by 2.3%.

Durable Goods Orders rose 0.4%. Although, ex-transportation, it was actually down -0.1% as commercial aircraft drove orders with their third straight month gains. Core Capital Good were up more than expected at 0.8% vs. 0.1%. Orders for machinery were the highlight there.

And Construction Spending soared last month with a 1.3% gain vs. expectations for only 0.3%.

As I've been saying, the economy looks great, and so does the market.

So make sure you're talking full advantage of it.

Unfortunately, there are plenty who have missed out on the recent run-up, or are underperforming the market.

If so, don't despair. Because it looks like there's a lot more upside to go.

Making money in the market is easier than you think. Just stick with proven, profitable stock picking strategies and you can make this year your best year yet.

For tips on how to do that, and how to turn the probabilities of success in your favor on your very next trade, be sure you read my latest commentary...

Are You Beating The Market This Year?


Kevin Matras

Executive Vice President, Zacks Investment Research


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