Dow 18,000

Dow closed above 18,000 for the first time since July 21, 2015. This is more of a psychological event rather than a technical indicator, still it is very encouraging. Let’s hope this summer is much better than 2015 and that the market can hold onto the recent gains. This has been a very nice silent rally. Lots of money still on the sidelines just waiting for the right person to be elected this Fall. If we elect someone that knows how to create wealth; look for a very good decade. If we elect someone that doesn’t have a clue about how wealth is created and instead wants to take wealth from some to give to others all bets are off.