CWS Market Review – January 12, 2018

Jan 12 12:01 2018 Print This Article

“Stock market: a place where events with a 90% of the time.” – Urban Carmel

The year 2018 is picking up where 2017 left off. The market has risen for seven out of eight days this year. In fact, this is one of the best starts to a year in market history. The S&P 500 is already up 3.5% this year, and we’re not even at the Super Bowl.

The good news is that the economy continues to do well. We’re probably growing at the strongest rate in several years. Very soon, we’re going to get a lot more evidence for stronger growth as the fourth-quarter earnings season beings. This looks to be a good one for corporate America, and expectations are high. Naturally, we’ll also get a look at how well our Buy List stocks did.

In this issue of CWS Market Review, I want to focus on the upcoming earnings season. I also want to look at the impact of tax reform on the stock market and discuss the recent uptick in long-term yields. Later on, I’ll have some updates on our Buy List stocks (good news from Danaher!). But first, let’s see why corporate tax reform was so important for us.

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About Article Author

Crossing Wall Street

As an experienced fund manager, Eddy Elfenbein created Crossing Wallstreet to help investors avoid the mistakes that separate successful investors made. The key to doing well on Wall Street is actually very simple: Buy and hold shares of outstanding companies. But too many investors never learn this valuable lesson. He gives investors his free and unbiased view of the market. Eddy analyze's dozens of companies every week and is always looking over income statements and balance sheets. He's spent several years collecting a list of the best companies to own. His buy list is on Crossing Wallstreet. All of the information on this site is free and unbiased.

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