Will the 4th Quarter Live Up to its Expectations?

Will the 4th Quarter Live Up to its Expectations?

The 4th quarter comes with very high expectations. Rightfully so as it is usually the best period of the year for the stock market in general. And according to Forbes, returning an average of approximately 5%.

According to Wall Street’s chart analysts, the recent new highs in the stock market’s averages show “the historic bull market that began in 2009 is resuming its climb and should be viewed as a green light for investors over the next few months”.

Technical analysts at PiperJaffray, Bank of America Merrill Lynch, Fundstrat Global Advisors and Fairlead Strategies all wrote that they see the record high as a sign the yearlong trend has returned.

From what I am seeing, I agree. I have been making the case for months that once corporate earnings started to be released, investors would focus on what’s important, and forget about the minutia of the headlines. And, if they beat expectations, new highs would follow.

Surprise, surprise… according to CNBC, so far over 85% of companies reporting have beat their expectations.

Although this is certainly a positive development, retirement investors must still approach investing their nest egg cautiously. After all, this money cannot be replaced this late in life.

For a free consultation on solidifying your retirement master plan and investing tactically, give us a call today.

“Invest for need, not for greed!™”

 Cheers -Keith

916-925-8900

Smart Money Newsletter

Written By: Keith Springer

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