Texas Legacy Wealth Management Blog
Whoosh! Bang! Flash! Fizz! Whistle!
U.S. stock markets delivered their own version of fireworks to celebrate the New Year. During the first week of 2018, the Dow Jones Industrial Average hit a new all-time high, moving above 25,000 for the first time ever. The NASDAQ Composite and Standard & Poor’s 500 Indices also rose to new highs.
2018 TLWM Annual Outlook:
2017 has been a good year for most investors as stocks have rallied steadily throughout the year. The S&P 500 (total return) closed higher each month of the year, is now up almost 22% through mid December, and we haven't seen a 3% pull-back in that index during the year (LPL Research, YCharts).