Some Early Trends Are Emerging in 2018

2018 is off to a nice start as the indices hit another all-time high in trading yesterday. Although early, there are several trends emerging in the market so far in the new year. Retail and Consumer Discretionary stocks have gotten off to a good start in 2018 and have been generally strong since early November. Given how beaten down the sectors had gotten, they were overdue for a bounce.

There are some other solid reasons behind the rally. Holiday sales were up more than 5% on a year-over-year basis; the highest levels in years. In addition, consumer confidence is high. Scores of companies lifting minimum wages and handing out $1,000 and $2,000 bonuses to employees thanks to tax reform. Combined with low unemployment and wage growth finally starting to accelerate, confidence levels should remain elevated....340 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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