Where did the year go? It seems like yesterday when I made my market predictions for 2015. Last December, I made some calls that panned out, and a few predictions that were off the mark.
While we didn’t see the broad-based market rally that I was hoping for this year, my sector bets were on the money.
On average, mid- and large-cap biotech stocks have rallied an impressive 34.8% this year so far. In my Blue Chip Growth newsletter, we’ve sold seven biotech and pharmaceuticals stocks this year for an average 38.6% return.
And while the 73 technology stocks in the S&P 500 have risen just 6.67%, that’s better than the index as a whole, which has fallen 0.7% this year so far. In Blue Chip Growth, we sold four technology positions (predominantly chipmakers) for a 40.5% avarage return.
Last December, I also predicted that there wouldn’t be any interest rate hikes this year. And as of today [December 15], the Fed hasn’t yet raised rates. Now, the FOMC will release its official interest rate decision at around 2:00 PM EST tomorrow, so that could very well change. Personally, I expect the Fed to raise rates by 0.25% in a one-and-done deal. Whichever way it goes, I’ll have all of the details in tomorrow’s blog.
Of course, hindsight is 20/20, so what I really want to figure out now is what’s ahead for the stock market. I have my own theories, but I’d like to hear what you think first. If you have a free minute, please fill out these four quick questions. Later this month, I’ll publish my own market predictions.
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