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Profit from the Pros By Kevin Matras Executive Vice President
Stocks Up For 3rd Week In A Row
Image: Bigstock
Stocks soared on Friday with the Dow and the S&P making new all-time highs in the process.
And all three of the major indexes (Dow, S&P, and Nasdaq), finished higher for the week, making it the third week in a row.
With report after report showing an economy on the upswing, and with forecasts for even bigger growth ahead (full-year GDP is expected to come in at the fastest pace in 36 years), stocks have been climbing in earnest.
Jamie Dimon's comments last week, in his annual letter to shareholders, underscored just how strong the economy looks by saying we could see a "Goldilocks moment" in the economy.
That means big growth, moderate inflation, and low interest rates. Sounds like an ideal scenario to me.
And he suggested we could see a multiyear boom that will last into 2023.
Pretty bullish.
And investors are wasting no time in getting positioned for the next leg up.
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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