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January 2017 Recap

| February 07, 2017

January 2017 Recap

Read the full report by following the link above - Here are some important take-away's: 

The Dow Jones Industrial Average closed above 20,000 on January 25th after a rally of 1,000 points over just 42 trading days - That shatters its previous average of 1,000 points per two years since reaching the 10,000 mark in 1999. The following day, the S&P 500 reached a new all-time high of 2,298 - posting its third consecutive monthly gain.

This rallying in the market may very well be a result of the pro-growth policies emerging from the Trump Administration, which include fiscal spending on infrastructure, corporate tax cuts, and reduced regulations. Near the end of the month, investors stepped back from financials, materials, and industrial companies - The big question is why?

Some believe it has to do with mixed earnings and economic reports, while others seem to think the market stall is a result of global discord following the Trump Administration's immigration policies.

Either way, 2017 is still expected to be a great year for markets, with earnings forecasts for all S&P 500 companies are projected to rise 4.7%.

Hope you enjoyed the view,

Your friends at The Timberline Group

The views stated in this letter are not necessarily the opinion of Cetera Advisors LLC and should not be construed directly or indirectly as an offer to buy or sell any securities mentioned herein.  Due to volatility within the markets mentioned, opinions are subject to change without notice. Information is based on sources believed to be reliable; however, their accuracy or completeness cannot be guaranteed.  Past performance does not guarantee future results