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Plus New Zacks Strong Buys for Tuesday, January 14
Profit from the Pros By Kevin Matras Executive Vice President
S&P And Nasdaq Soar To New Record Highs
Stocks soared yesterday with the S&P and Nasdaq setting new all-time highs in the process.
Last week's solid Employment Situation report just added to the historic economic numbers that has been fueling this historic bull market.
More history will be made tomorrow when Phase 1 of the U.S.-China trade agreement will be signed.
And then later this month (or possibly early February), history will be made again when the USMCA trade deal is expected to pass the Senate and then be signed into law by the White House.
Those two deals are expected to usher in a wave of new prosperity and send our economy and the market to even higher highs.
In the meantime, we'll get a look at retail sales this morning with the Redbook report, a look at inflation with the Consumer Price Index, and a look at business sentiment with the NFIB Small Business Optimism Index.
2020 is off to a great start.
And it looks like there's a lot more upside to go.
So make sure you're taking full advantage of it.
See you tomorrow,
Kevin Matras
Executive Vice President, Zacks Investment Research
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Stocks soared yesterday with the S&P and Nasdaq setting new all-time highs in the process.
