Keep Calm And Carry On
Because of that strong position, it seems likely—despite everything—that U.S. stock markets will keep moving higher through the fourth quarter. I don’t think we will necessarily see the same gains we saw in the third, but I remain comfortable with my midyear target of around 3,000 for the S&P 500. While we will certainly see volatility this quarter, we still should have some upside.
Brad McMillan is the chief investment officer at Commonwealth Financial Network, the nation’s largest privately held independent broker/dealer-RIA. He is the primary spokesperson for Commonwealth’s investment divisions. This post originally appeared on The Independent Market Observer, a daily blog authored by Brad McMillan.