Why am I smiling today? Because 2017 was such a great year for the stock market and for the clients of Sloy, Dahl & Holst...and because 2018 is looking just as bright!
I’ve been managing money now for over 30 years, and we’re already off to one of the best starts I’ve seen of the market. Where will our firm be focusing this year? We’ve outlined it all below. Or watch the full video above.
Technology led the way as the top sector of 2017. We’ve always liked technology, and we continue to focus on this industry. Tesla is our number 1 pick in 2018. We also love Facebook, Apple, Amazon, Netflix, and Tesla.
We also really like Financials. A year ago, you’ll remember that we said that interest rates were headed higher...and they did. We had 3 interest rate increases in 2017! We’re set to get 4 interest rate increases this year, as well. This is very good news for financial services and big banks. It’s one reason we especially like Bank of America and think it still has some great potential.
We’ve been talking about this area for a while now, and we’ll continue to focus on this sector in 2018. Thanks to the tax cut that we got in October, our company is now much more competitive overseas. This cut took tax brackets from 35% to 21%. This really moves the market and is one of the reasons we think emerging markets is a better value right now than the US.
The market IS heading higher and we’re calling for a $28,000-$29,000 down. We’ll see a correction, though it may not even happen this year. We’re very excited about 2018 and thank you so much for the opportunity to work for you.