Christmas certainly came early this year, but where would I look for more presents in the season of giving?
Consumers, not corporations run the economy. We collectively are responsible for 70% of our economy, so when we are more confident, when sentiment is positive, it is reflected in stock prices.
In 2017 I see several catalysts for higher consumer confidence: 1) Lower taxes 2) Redo or Replace Obamacare, both of which will put more change in consumer's pockets. Where will they spend that?