The year ahead looks good, thanks to low interest rates, U.S. Fed bond purchases, a U.S. housing recovery, and an improving employment outlook.
However, the current increase in taxes and the end of the 2% FICA tax benefit will impact the economy, and the effect on the stock needs to be watched.
The upcoming debt limit negotiations may trigger a stock market correction in January and February. Also, interest rates have gone up recently and that may slow down the economy. I will cautiously stay long with my Markets Timing ETF model until the markets indicate otherwise.
Certain information contained in this presentation is based upon forward-looking statements, information and opinions, including descriptions of anticipated market changes and expectations of future activity. The manager believes that such statements, information and opinions are based upon reasonable estimates and assumptions. However, forward-looking statements, information and opinions are inherently uncertain and actual events or results may differ materially from those reflected in the forward-looking statements. Therefore, undue reliance should not be placed on such forward-looking statements, information and opinions.
