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Profit from the Pros

Stocks Up Again, Dow Makes New All-Time Highs

Stocks finished mostly higher yesterday, with the Dow making new all-time highs, and the S&P making a new all-time high close.

The markets shrugged off reports that China was reluctant to commit to a specific amount of agricultural purchases, as well as some details on other issues. But traders appeared to dismiss those concerns as not jeopardizing the broader deal.

Once a date is set for President Trump and President Xi to meet and sign the phase 1 trade agreement, which should also mean that both parties are satisfied with the subsequent abrogation of tariffs, the markets will breathe easier.

But judging by the historic climb higher, the markets appear to be feeling just fine.

And that's because of all of the other supportive news in the economy, which includes a strong GDP (this year's annual GDP is pacing at a stronger rate than the average annual GDP of this entire 10¾ year expansion), historic unemployment (50-year low), consumer confidence near record highs (an important metric given that 70% of our GDP comes from consumer spending), household income at the highest level in 20 years, low interest rates, and corporate earnings that continue to impress.

I've said it before and I'll say it again, this is an historic time for our economy and the market. And we're seeing this play out day by day, week by week, month by month, etc.

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

That means getting into the right stocks and staying out of the wrong ones.

Don't squander this time with preventable mistakes. Making money in the market is easier than you think.

You don't have to be a genius. And you don't have to be a pro. You only need to do a few things right and you can make historic returns.

I outline one of these things in my latest commentary...

One Little Secret For Big Results

Best,

Kevin Matras

Executive Vice President, Zacks Investment Research

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