What Will Santa Deliver to Investors?
As we close out the year and with stocks overbought, are we about to enter a market correction or is this the birth of a new bull market? In this week’s market update, we are going to review if we believe stocks can thrive while being over-bought, and how markets have performed during presidential election years. Lastly, we will review the action in oil, some of the clues we may be getting from Saudi Arabia, and what may be next for the magnificent seven.
Key Takeaways
- Stocks Appear Short Term Overbought but We Believe That’s OK!
- Energy Trend Intact and May Benefit from Economic Acceleration
- An Earnings Recovery May Act to Trigger Money Out of the Top of the Market and into the Average Stock
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