H&W in the Media
Ho! Ho! Ho! Stocks deliver a holiday high
The USA has been the only strong major economy in the world. “The U.S. still sits as a shiny city on the global economic hill,” says Kevin Mahn, chief investment officer at Hennion & Walsh Asset Management in Parsippany, N.J.
Historically, the holidays have been good to investors. The last five trading days of the year and the first two of the new year — the Santa Claus rally — have produced gains in the S&P 500 in 34 out of 44 years since 1969, says PNC Financial Services. Average gain: 1.6%.
This year, the S&P 500 is up 12.8%, and the Dow has gained 8.8%. The tech-heavy Nasdaq has jumped 14.1%.
Naturally, there’s always plenty to worry about for 2015: Oil prices are still unstable, Russia still threatens the Ukraine, and the European economy is slowing. “Investors need to be more realistic about their expectations in 2015,” Mahn says.
Click here to read the entire article.