Special Update – December 7, 2016

The stock market continues its tear with a record number of advancing days on some indexes especially in the small capitalization area. This is probably due to domestic expectations that under a new administration taxes on small business and regulation will be lowered. In addition, a rising dollar should not impact US based companies selling their products in the domestic market. For these three reasons, cyclical domestic small caps are ripping higher.

Late last week a very modest correction occurred after two weeks of daily new highs. The Dow, S&P 500 and Nasdaq have hit new highs together on several consecutive days for the first time since the late 1990s! All of this bodes well for the bobsstocks forecast.

Given that December is usually a good month in the stock market….click here for more.