Stocks Up Again With The Dow, S&P, And Nasdaq Hitting New Record Highs
Stocks closed higher again yesterday with all of the major indexes hitting new all-time highs.
We've been reporting plenty of new all-time highs this year, and plenty of new all-time highs just this week alone.
But I can honestly say, it never gets old.
And quite frankly, I expect to say that a lot this year.
Last year was fantastic with the S&P gaining over 30% (total return), and the Nasdaq gaining even more than that.
And this year, I'm expecting the same thing with another 25-30% gain or more.
And why wouldn't we?
Our economy is the envy of the world with our GDP pacing at an annual rate that's stronger than the average annual GDP of this entire bull market. Unemployment is at a 50-year low. Household income is at a 20-year high. Consumer sentiment is near record highs. And housing starts just saw their biggest increase in 13 years.
Add in low inflation and low interest rates, and it's no wonder stocks are soaring.
Some have called this the best economy of our lifetime. And I would agree.
These are historic times for our economy and the market.
And historic times create historic opportunities.
Just look at our two historic trade deals (U.S.-China trade deal, and the USMCA trade deal), with our three largest trading partners.
As these kick into gear, the prospect of big outsized opportunities await.
That goes for stocks and ETFs. But also other asset classes like commodities, which includes palladium (used in catalytic converters to reduce emissions), platinum (used in cell-phones, fuel cells, and medical technology), oil (the #1 most traded commodity), coffee (the #2 most traded commodity), and silver (used in solar panels), to name a few.
And let's not forget grains, hogs, cattle, and other agricultural products that are at the forefront of the U.S.-China trade deal. As you know, China has agreed to buy more than $40 billion worth of agricultural products over the next two years. And that could be the beginning of some of the biggest bull trends in commodities we've ever seen.
And because of that, we've created a new service called Commodity Innovators.
These commodities affect our everyday lives, but are seldom talked about in the news, and are largely overlooked. And when they are mentioned, they fail to illustrate how to take advantage of them. But with the Commodity Innovators, we're doing all of that for you.
And with our new service, you don't need to be a futures or options trader to take advantage of it. We are hand selecting the best stocks and ETFs to catch these moves.
There are big moves happening all the time. But this year is poised to be a breakout year. So be sure to read our latest commentary...
It's the Perfect Time for These Overlooked Trades
Best,
Kevin Matras
Executive Vice President, Zacks Investment Research
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