More New Highs As Stocks Soar Yet Again
Another great day in the markets yesterday with all of the major indexes posting solid gains. And once again, we saw new all-time highs in both the Nasdaq and the Russell 2000 Small-Cap Index.
As I've been saying, the economy and the market are in a sweet spot right now and we're literally watching history being made. Record jobs numbers, sharply higher GDP, soaring consumer confidence, and surging corporate profits, amidst the backdrop of business-friendly deregulation and historic tax cuts (most notably corporate tax cuts, but individual tax cuts too), are all pushing stocks to new highs.
And with the US now becoming one of the most profitable countries to do business, this will usher in years (likely decades) of new prosperity.
Currently, this is only the second longest bull market in history at just over 9 years, with the longest one being 12.3 years.
But it takes a historic event to set a new historic record, and that's why I think this bull market will last at least another 3.3 years (and probably much, much more) to make this bull market the longest bull market in history.
So make sure you're taking full advantage of it.
And no, you haven't missed it. This new leg higher has really just begun.
