Going into the latter part of the year, we're pretty optimistic.
Some interesting historical stats are, since 1928, November - April are typically the best 6 months for the markets. Also, since 1950, having a split Congress has led on average to about 15.7% in gains for the stock market on an annualized basis.
Oil prices have also fallen pretty significantly as of late, which can be viewed as a benefit to the U.S. consumer going into the holiday season.
Hope you have a great weekend.
The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. The information provided does not take into account the specific objectives, financial situation or particular needs of any specific person. Diversification does not ensure a profit or protect against a loss in a declining market. There is no guarantee that any particular asset allocation or mix of funds will meet your investment objectives or provide you with a given level of income. Forecasts or projections of investment outcomes in investment plans are estimates only, based upon numerous assumptions about future capital markets returns and economic factors. As estimates, they are imprecise and hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. Investing entails risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time. November through April being the best time period for the markets going back to 1928, as well as the statement of having a split Congress has led on average to about 15.7% in gains for the stock market on an annualized basis since 1950 were both in reference to Guggenheim Partners' market outlook piece called, “Will Gridlock be Good?” by Mike Schwager. Lower oil prices benefiting U.S. consumers is a statement of opinion.